In the current week , traders in financial markets and cryptocurrencies are awaiting three major economic and technological events that could significantly impact the trajectory of Bitcoin (BTC), Ethereum (ETH), and other digital assets
This comes in the context of a market experiencing moderate volatility, with Bitcoin hovering around the 67-68 thousand dollar levels following the strong January jobs report, while Ethereum is trading near 1970-2000 dollars
_ February 12: U.S. Initial Jobless Claims
The report was released today at 227 thousand claims, higher than the expectations which were around 222 thousand
Despite a slight decrease of 5 thousand from the previous week (which was affected by winter storms), the figure remains relatively elevated compared to recent historical lows
This indicates stability in the U.S. labor market after a period of slowdown, with the 4-week average rising to about 219.5 thousand. In the context of monetary policy, higher-than-expected numbers could bolster expectations for interest rate cuts by the Federal Reserve later in the year, especially if the trend continues toward “stabilization” rather than deterioration
This scenario is relatively positive for risk assets like cryptocurrencies, as it reduces the pressure of “higher for longer” interest rates, and could push BTC and ETH toward gradual increases if no additional negative signals emerge
_ February 13: U.S. CPI (January) and Core CPI
This is the most prominent event, where experts expect the headline inflation (Headline CPI) to rise by 2.5% year-over-year, with Core CPI (excluding food and energy) at approximately the same level or 2.5%. This represents a slight decline from 2.7% in the previous month, but it remains “sticky” above the Fed’s 2% target
If the figure comes in below expectations (for example, 2.3-2.4%), it would be a strong signal of slowing inflation, reinforcing expectations for a near-term rate cut (perhaps in the second quarter or summer), which is a very bullish scenario for Bitcoin and Ethereum
Historically, Bitcoin rises sharply when inflation appears weaker than expected, as it enhances the appeal of assets as an alternative to traditional currencies. Conversely, if it exceeds 2.6-2.7%, temporary downward pressure could increase
_ February 17: Hedera DevDay at ETHDenver
On February 17, Hedera is organizing a DevDay event in Denver in conjunction with ETHDenver, one of the largest gatherings for Web3 developers in the world
This hands-on event is aimed at developers and includes in-depth technical sessions, ecosystem updates, and possibly important announcements related to network development, new partnerships, or developer incentives
Hedera (HBAR) is considered a fast and low-cost platform, and it often sees token price increases with positive announcements during such major events. In addition, Hedera is participating in ETHDenver itself with a booth and some prizes, which increases momentum for the entire ecosystem
This event could bring additional attention to coins associated with decentralized applications, and perhaps indirectly support ETH as part of the Ethereum atmosphere
Overall, the coming few days are critical: positive U.S. economic data (low inflation and stable unemployment) could open the door to an upward wave in cryptocurrencies, while the technological event adds a layer of local optimism for HBAR and the ecosystem
Traders are advised to monitor immediate reactions, focusing on Bitcoin’s key support levels (65-67 thousand) and resistance (72-74 thousand)
The market remains sensitive to monetary policy, but current signals lean toward gradual improvement
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