5 US Economic Indicators with Cryptocurrency News Implications for Bitcoin
US Economic Events This Week
Several factors, including macroeconomic sentiment, monetary policy expectations, and Bitcoin's growing narrative as a hedge or risk asset, influence Bitcoin’s price dynamics. These make the following indicators particularly relevant this week.
US Leading Economic Indicators
The first US economic indicator that could influence Bitcoin price is March's leading economic indicator, due today, Monday, April 21.
- The Conference Board Leading Economic Index (LEI), last reported for February 2025, declined by 0.3% month-over-month (MoM) after a revised 0.1% increase in December 2024.
- This drop, driven by pessimistic consumer expectations and weaker manufacturing orders, continued a trend of negative signals.
- However, the six-month growth rate is improving, suggesting less severe headwinds than in 2024.
There is a median forecast of a 0.5% decline for the March report, versus a consensus of -0.6%. While these data points to an economic slowdown, stabilizing trends and a projected 2.0% GDP growth for 2025 offer some optimism.
However, policy uncertainties could exacerbate risks. For Bitcoin, declining LEI may dampen risk appetite, pushing investors toward safer assets like bonds and pressuring prices in the short term.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.