How might upcoming economic events like the December 16 jobs report and December 18 CPI data influence Bitcoin’s price levels?
Why is this the correct answer?
This is correct because traditional markets and crypto markets are both sensitive to macro data. Strong jobs numbers or high inflation readings can change expectations for interest rates and risk appetite. As Bitcoin is seen as a risk asset, improved or worsening economic outlooks lead investors to adjust positions. That buying or selling pressure directly affects Bitcoin’s price levels, making these reports important for traders to watch.
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