Which upcoming US economic reports are most likely to influence Bitcoin’s trading volumes?
Why is this the correct answer?
This is correct because major US economic events like the monthly jobs report and the Federal Reserve’s interest rate announcement can have a direct impact on investor risk appetite. Strong job data may boost confidence in the economy, leading investors to buy Bitcoin as they feel more secure. Alternatively, higher interest rates could make traditional assets more attractive, causing some investors to reduce their crypto exposure. Beginners should pay attention to these scheduled reports, as they often produce market volatility and higher trading volumes.
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