Why is US data important in crypto market analysis?
There is a close relationship between the US stock market and digital currencies. This is because the largest investors in Bitcoin and cryptocurrencies are Americans. It is natural for the dollar to invade this industry and control it. For this reason, the crypto market is always affected by the performance of the US stock exchange and always follows it in movement, rising with its rise and falling with its fall. This means that the impact of US data on stock movement will also affect crypto movement. But what data can help us analyze the crypto market more accurately?
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We believe that the five most important data are:
Monthly CPI inflation data
Core inflation data
Fed meeting and interest rate control
Unemployment data
Earnings of large companies, especially Nvidia
Most of this data is released monthly except for the Fed meeting which is approximately every month and a half and also corporate earnings which are released approximately quarterly.
