The four major US economic indicators may influence Bitcoin's direction: Federal Reserve movements and CPI are key
February 9 News, as macroeconomic uncertainties continue to unfold, several U.S. economic events this week are seen as key milestones that could reshape Bitcoin’s price trajectory. The market generally believes that Federal Reserve officials’ statements, employment data, initial jobless claims, and CPI inflation reports will directly influence interest rate and liquidity expectations, both of which are the most important driving forces in Bitcoin cycles.
First, Federal Reserve Board member Stephen Miran will give an interview on February 9 local time. Any hints regarding stablecoins and monetary policy could trigger short-term volatility in the crypto market. Some investors think his relatively moderate stance may benefit risk assets; others worry that signaling a tighter stance could exacerbate market risk aversion.
Second, the U.S. employment report released on February 11 is equally critical. If job growth continues to slow, it could reinforce expectations of an earlier rate cut, supporting Bitcoin; however, if the data deteriorates sharply, it may trigger short-term capital withdrawals.
Following that, the initial jobless claims data on February 12 will verify the true state of the labor market. If this indicator continues to rise, it could be interpreted as a sign of economic cooling, potentially altering investors’ expectations for the pace of monetary easing.
Most attention will be on the January CPI and core CPI released on February 13. If inflation declines again, it could boost market bets for an earlier rate cut in 2026, strengthening Bitcoin bulls’ confidence; conversely, if inflation rebounds, it may push yields higher and put pressure on crypto assets.
Analyst Kyle Chasse pointed out that inflation and employment data will determine the next direction for risk assets. For investors, this week’s U.S. economic signals could serve as an important reference for judging Bitcoin’s short-term trend.