This week could be essential for the cryptography market while three main American economic indicators come into play: the testimony of the president of the Federal Reserve Jerome Powell, the data on the unemployment of claims and the inflation index of the PCE. These events can lead to significant volatility on Bitcoin and other cryptocurrencies.
Let’s decompose what is at stake.
Presentation of the cryptocurrency market: the lowering feeling prevails
The cryptography market is currently under pressure, with a 2.6% drop in total market capitalization in the last 24 hours. Here is a quick glance at weekly performance:
- Bitcoin: down 4.9%
- Ethereum: down 14%
- Xrp: down 8.3%
- Bnb: down 4.8%
- Solara: down 14.7%
- Cardano: down 15.7%
- Mastiff: down 14%
- Tron: down 1.6%
- Hyperliquidal: down 19.8%
- Stellar: down 11.7%
- Coin: down 16.3%
The American economic surprise index – which measures if the economic data beat or lack expectations – is currently the most negative that it was in 2025. A weakening index often signals increasing uncertainty, which can reduce risk appetite and an impact on crypto demand.
Jerome Powell testimony: key event for Bitcoin
On June 24, the president of the federal reserve Jerome Powell will testify before the Congress on American economic policy, employment and inflation. His speech could have a direct impact on cryptography prices.
- A Your ALLIICIST (Report a tight monetary policy) can harm Bitcoin and increase the dollar
- A your dominant (Signaling relaxation policy) can support bitcoin and weaken the dollar
- A neutral position can cause short -term volatility
In the past 14 days, Bitcoin has already dropped by 3.5%, including a 0.8% drop in the last 24 hours, now oscillating about $ 101,886.
Geopolitical concerns are also increasing. Iran has threatened to block Hormuz Strait, a vital oil food. Any escalation could have an impact on the world markets and influence the decisions of the federal reserve.
Unemployment demands: another market trigger
Last week, the first American American unemployment claims increased from 250,000 to 245,000. This week, forecasts provide a slight increase to 247,000, supported by TEFOREcast models.
- Higher unemployment claims can report economic weakness and trigger a positive reaction in Bitcoin.
- Complaints below what planned may indicate economic force and pressure risk assets such as crypto.
PCE inflation index: FED’s favorite inflation metric
The price index of personal consumer expenditure (PCE) is due on June 27. This is the key inflation gauge of the Fed.
- In April, the PCE increased from 2.3% to 2.1%
- Current consensus expects 2.3% increase
- Teforecast, however, estimates a smaller increase to 2.2%
If the inflation of the PCE defeats expectations (greater than 2.3%), the Fed can delay the rate drops. This could strengthen the US dollar and reduce the interest of investors for Bitcoin, leading to a new drop in prices.
Final reflections
This week’s market management will depend on how these three factors take place. The claims of the tone, the unemployment of Powell and inflation will decide if Bitcoin can resume the momentum or face another sale.
Stay listening – volatility is almost guaranteed.
