Crypto Traders have three US economic signals to watch this week. After a weekend lull, these signals could affect Bitcoin (BTC) price trajectory this week.
Amidst the hype around Ethereum (ETH), US economic indicators could also be emotionally swaying, as happened in Jerome Powell’s Jackson Hole speech on Friday.
This week’s US Economic Event
The following US economic signals and data could impact crypto traders and investors’ portfolios this week.
Consumer trust and consumer sentiment
Two economic events, Monday and Friday, reflect consumer optimism, or lack thereof. Economists predict that US consumer confidence will fall slightly from July 97.2, according to MarketWatch data.
Meanwhile, the Consumer Sentiment Report is scheduled for Friday. Economists hope that US consumer sentiment will steadily hold at 58.6 in August.
Meanwhile, analysts cite the US consumer sentiment crisis level, with 58.6 being presented as one of the lowest measurements of the century.
Consumer sentiment in the US is at a crisis level:
University of Michigan’s consumer sentiment fell to 58.6 points in August.
This coincides with the major financial crisis level and the recession level of the 1980s. pic.twitter.com/wdyvmxrswg– Global Market Investor (@globalmktobserv) August 17, 2025
Consumer sentiment in the US is at a crisis level:Softer confidence means weakening consumer spending power, which can pressure assets, including crypto, on risk. Similarly, flat emotional reading signals alert among households and strengthen vulnerable economic outlook.
Such measurements are important for Bitcoin and the crypto market as they form an overall risk sentiment. Together, these gauges form risk appetites, often rippling into Bitcoin and the crypto market.
For traders, weaker consumer metrics may bet on easing FRED, which indirectly supports Bitcoin. Conversely, stronger measurements usually boost stocks and in the short term, they draw liquidity from digital assets.
First unemployed claim
Another US economic signal this week is the first unemployed claims, focusing on labor market data as it grows as a fundamental driver for Bitcoin.
In the week ending August 16th, 235,000 US citizens filed for unemployment. However, in the week ending August 23rd, experts believe these submissions have dropped to 230,000.
– Macromicro (@macromicrome) August 21, 2025
Destruction: US unemployment claims rose 11,000 last week to 235,000, the biggest rise in three months. Continued billing is the highest since November 2021. https://t.co/e7un6grfpn pic.twitter.com/fywcvypvhrMeanwhile, the data also shows that it takes a long time for unemployed Americans to get new jobs. Continuous unemployment claims have been steadily crushed high at new highs since 2021.
If unemployment claims fall below the previous 235,000 reading, it shows labor market resilience, potentially reduces Fed rate cut bets, and weighs the short-term benefits of Bitcoin.
However, the ongoing rise in claims probably suggests a deeper rift in employment. This difference keeps the crypto market sensitive to macroshifts and balances the risk of a recession and growth optimism with potential liquidity pivots.
pce
Another US economic data to watch is the key point of PCE (personal consumption expenditure). This tracks consumer spending on products and services.
In fact, MarketWatch data shows that economists expect a core PCE of 2.9%, slightly higher than the 2.8% reading in July.
A high core PCE of 2.9% indicates sticky inflation, which could reduce the likelihood of a Fed reduction. It could put pressure on Bitcoin and crypto in the short term by tightening liquidity.
However, sustained inflation could also revive Bitcoin’s long-term appeal as a hedge against financial decline.
At the time of writing, Bitcoin had fallen by more than 2% in the last 24 hours, trading at $112,579. Meanwhile, Ethereum is swapping hands for $4,711 after testing a new high over the weekend.
Post 3 US Economic Signal Crypto Trader must watch this week.
