Several high-impact macroeconomic events in the coming days are likely to shape cryptocurrency market sentiment, as traders weigh inflation signals, labor data, and earnings from major tech firms. With crypto increasingly trading as a macro-sensitive asset, these developments could influence short-term price action across Bitcoin, Ethereum, and risk-on altcoins.
February 23: U.S. Markets Reopen After Trump’s Global Tariffs
U.S. financial markets reopen following the implementation of a 15% global tariff announced by U.S. President Donald Trump. While the direct economic impact remains debated, renewed tariff pressure raises concerns about:
Higher inflation
Slower global trade
“Higher-for-longer” interest rates
For crypto markets, tariff-driven inflation risks can weigh on liquidity conditions and risk appetite, particularly if they strengthen the U.S. dollar or push bond yields higher.
February 24: ADP Employment Change Report
The ADP Employment Change data will provide an early look at private-sector hiring trends in the U.S. A weaker-than-expected report could revive expectations for future Federal Reserve rate cuts, potentially offering near-term support for crypto assets. Strong data, however, may reinforce a restrictive policy outlook.
February 25: Nvidia Q4 Earnings in Focus
Tech giant Nvidia will report Q4 earnings, a closely watched event given the company’s outsized role in AI infrastructure and broader risk sentiment.
Nvidia’s results often influence:
Equity market momentum
AI-related token narratives
Overall risk-on or risk-off positioning
A strong earnings report could lift sentiment across equities and spill over into crypto, while disappointment may pressure speculative assets.
February 26: Initial Jobless Claims
Weekly initial jobless claims will offer another snapshot of labor market conditions. Rising claims could signal economic cooling, increasing the odds of monetary easing later this year — a scenario historically supportive for crypto markets.
February 27: U.S. PPI and Core PPI Inflation Data
The release of Producer Price Index (PPI) and Core PPI data will be one of the most critical events of the week. These indicators provide insight into upstream inflation pressures that can later flow into consumer prices.
For crypto holders, PPI matters because:
Hot inflation may delay rate cuts
Sticky inflation can tighten liquidity
Softer readings may support risk assets, including crypto ETFs
Why This Week Matters for Crypto
Among all upcoming events, Nvidia’s earnings and U.S. PPI inflation data are expected to have the greatest impact on crypto markets. Together, they will shape expectations around growth, inflation, and Federal Reserve policy — the key macro forces currently driving digital asset prices.
As a result, traders should brace for heightened volatility, particularly around major data releases, as crypto continues to react less to internal narratives and more to global macro signals.