Bitcoin expects further boom: USA key figures at a glance!

Bitcoin expects further boom: USA key figures at a glance!

On Thursday last week, Bitcoin reached a remarkable all-time high, surpassing $118,000. This positive development continued into the weekend, with Bitcoin even exceeding $119,000 at the end of the week, setting a new record. The altcoin sector followed this trend and also recorded significant price gains, reinforcing the general signal of enthusiasm in the crypto market.

However, in the current trading week there are crucial economic metrics from the USA that have the potential to influence the ongoing crypto rally. To better understand these influences, it is important to take a look at the upcoming data.

Important economic data in focus

Of particular note are consumer prices and retail sales, which will be published on July 17, 2025. These metrics are critical because U.S. retail sales are considered a key indicator of consumer spending. They are determined through random surveys of department stores and car dealers and are an important pillar of the US economy. An increase in retail sales typically signals impending economic growth, while weak sales can threaten consumption and overall economic activity.

Upcoming retail sales are forecast to rise 0.2%, contrasting with a 0.9% decline in May. Higher-than-expected sales often create an increase in the U.S. dollar in foreign exchange markets, while lower sales can lower it.

Predictions and market psychology

The University of Michigan survey data could also provide important information for market psychology, particularly regarding the price performance of riskier assets. These findings could encourage investors to reconsider their positions, especially after recent developments in the crypto space.

• Veröffentlichungsdaten und Umsätze:
• 17.07.2025 (Jun): 0,2% (Prognose: -0,9%, Vorherige: -0,1%)
• 17.06.2025 (Mai): -0,9% (Prognose: -0,5%, Vorherige: 1,7%)
• 15.05.2025 (Apr): 0,1% (Prognose: 0,0%, Vorherige: 1,7%)
• 16.04.2025 (Mrz): 1,4% (Prognose: 1,3%, Vorherige: 0,2%)
• 17.03.2025 (Feb): 0,2% (Prognose: 0,6%, Vorherige: -1,2%)
• 14.02.2025 (Jan): -0,9% (Prognose: -0,2%, Vorherige: 0,7%)

The coming days could be crucial for further market movements in the cryptocurrency sector. BTC ECHO reports the importance of these economic indicators and highlights how they could influence the crypto rally. Also Investing.com highlights the importance of retail sales as an important economic measure. Investors and market watchers will be paying close attention to the developments as they could have significant implications for the crypto and financial markets.