Crypto Disaster Looming: Top US Economic Events That Will Make You Cry

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Hey there, crypto lovers! 😂 Get ready for a wild ride, because the US market is about to witness some major economic events that will make you question your life choices. 🤯 With only nine days to go before Trump’s tariff plan goes live, the stakes are high, and the crypto market is on edge. So, let’s dive into the top economic events of the week and how they’ll impact the crypto world. Buckle up! 🚀

Top Economic Events in the US This Week (a.k.a. Your Worst Nightmare)

S&P Global Manufacturing PMI (a.k.a. The Real MVP)

On Monday, March 24, the US S&P Global Composite PMI Flash, S&P Global Manufacturing PMI Flash, and S&P Global Services PMI Flash indices will be released. And, folks, it’s not looking good. The Global Composite PMI Flash index slipped from 52.7 to 51.6 in February. The Manufacturing PMI index surged from 51.2 to 52.7, and the Services PMI dropped from 52.9 to 51 in the same month. It’s like a rollercoaster of emotions, but with economic data. 🎢

The expectation is that the Composite index would drop to 51.5, the Manufacturing index would decline to 52.1, and the Services index would grow to 51.1. Because, you know, the economy is like a seesaw – sometimes it’s up, sometimes it’s down, and sometimes it’s just flat-out confusing. 🤯

CB Consumer Confidence Data (a.k.a. The Confidence Game)

The Conference Board Consumer Confidence index, which measures the level of confidence consumers have in the economy, will be released on Tuesday, March 25. And, let’s be real, if consumers are feeling confident, it’s a good day. But if they’re not, well, it’s like the whole economy is one big, bad hangover. ☹️

In the previous month, the index was around 98.3. The expectation is that it would decrease from 98.3 to 94.4 or even 94. Because, you know, when consumers lose confidence, the economy starts to lose its cool. 😳

A drop in consumer confidence can negatively impact stock markets, which could then spill over into the crypto market. It’s like a domino effect, but with economic data and crypto – oh, and also a hint of panic. 😂

New House Sales (a.k.a. The Housing Game)

On Tuesday, March 25, the market will also witness some other impactful events, like the release of the US New House Sales index. And, let’s be real, if housing sales are strong, it’s a good sign for the economy. But if they’re not, well, it’s like the whole economy is one big, bad real estate flip. 🏠

In January, the index declined from 734K units to 657K units. The market consensus expects that the index would rise from 657K to either 660K or even 680K. Because, you know, when housing sales are up, it’s like the economy is one big, happy family – but with more debt and less avocado toast. 🥑

Strong housing sales reflect a healthy economy, and a healthy economy can create a climate where investors feel more comfortable investing in riskier assets like crypto. It’s like a game of economic musical chairs, but with more crypto and less chairs. 🎶

US GDP Growth Rate (a.k.a. The GDP Gamble)

The US GDP Growth Rate QoQ Final will be released on Thursday, March 27. And, folks, it’s a big deal. The market consensus expects that it would decline from 3.1% to 2.3% in Q4. Because, you know, when GDP growth is slow, it’s like the economy is one big, slow-moving animal – but with more economic data and less excitement. 🐢

A lower GDP growth rate indicates a slowing economy. This can trigger fears of a recession or economic instability. It’s like a economic storm, but with more thunder and less sunshine. ⛈️

PCE Price Index (a.k.a. The Inflation Insanity)

The US Core PCE Price Index MoM, which tracks the changes in prices of goods and services purchased by consumers in the US (excluding food and energy costs), will be released on Friday, March 28. And, let’s be real, inflation is like the ultimate economic villain – it’s always lurking, always waiting to pounce. 🕷️

In January, it grew from 0.2% to 0.3%. The market consensus expects that the index would remain unchanged this time. Because, you know, when inflation is steady, it’s like the economy is one big, happy dance – but with more inflation and less stability. 💃

In conclusion, these key US economic events will influence the cryptocurrency market through market sentiment and liquidity shifts. It’s like a game of economic poker, but with more crypto and less bluffing. 🃏 A drop in consumer confidence or GDP growth could trigger risk-off sentiment, reducing demand for crypto. But, on the other hand, strong housing sales and stable inflation data may encourage risk appetite, benefiting Bitcoin and altcoins. It’s like a never-ending economic rollercoaster, but with more crypto and less seatbelts. 🎠

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2025-03-24 13:58