Check out these 4 US economic events this week

As Bitcoin bulls defend the $90,000 psychological level even amid geopolitical volatility, traders are eyeing a packed U.S. economic calendar that could sway crypto sentiment.

Amid the flux of Federal Reserve (Fed) rate-cutting expectations, key data releases and high-profile talks can trigger sharp moves in BTC and altcoins.

4 US economic events to watch this week

Here's a list of four major events, each set to rock the crypto markets this week.

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President Trump said

President Donald Trump's speech in Davos on January 21 at 1:30 PM is expected to be a market mover. Expectations are high given the story's unscripted commentary on trade, tariffs and geopolitics.

With the largest US delegation in Davos, Trump's comments could directly affect ongoing tariff disputes, possible military action or economic policies, the strength of the US dollar and global appetite.

Crypto markets, which are highly sensitive to macro shifts, could see volatility if Trump announces hawkish trade conditions, which could strengthen the dollar and weigh on Bitcoin's price.

Conversely, pro-growth or crypto-friendly cues may rally.

Initial unemployment claims

Thursday's first jobless claims report, due January 22 at 1:30 p.m. ET, will provide an update on the health of the US labor market. It shows the number of Americans who filed for unemployment insurance for the first time last week.

Economists polled by Trading Economics forecast 203,000 initial jobless claims for the week ending Jan. 15, up from 198,000 a week earlier.

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This high-impact release comes amid strong job figures, with data coming in at 198,000 below expectations of 215,000. It shows that there is a strong economy and the dollar increases.

Low claims for Bitcoin (implies few discounts) will strengthen expectations of a hawkish Fed, raise yields and reduce risk in assets such as crypto.

Recent trends show claims are at all-time lows adjusted for labor force size, with no signs of a recession.

“Obviously adjusting for the size of the labor force, unemployment claims would return to an *all-time low* dating back to 1965,” wrote crypto mortgage firm Milo.

If claims beat forecasts again, BTC sentiment could be hurt, extending fears of a late pullback from the $90,000 highs.

Softer data, however, could fuel more modest expectations, which would support a crypto renaissance. This phenomenon is consistent with broader macro scrutiny, as analysts associate labor strength with crypto movements.

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Bitcoin's relationship with higher equities, deviation from expectations, especially after Trump's speech, could create volatility.

Core PCE price index

Also, at 1:30 PM ET on January 22nd, the core PCE price index m/m, the Fed's preferred measure of inflation, is forecast to be up 0.2% from the previous 0.1%.

This November's data release, along with October's 0.2%, shapes the odds of a rate cut for 2026, while warmer inflation could both weaken and strengthen the US dollar.

Persistent price increases above targets for Bitcoin could erode risk sentiment, as higher yields attract crypto capital.

Meanwhile, a recent website analyzed the correlation between PCE and crypto volatility, with modest increases expected but surprising amid tariff talks.

If PCE is higher than expected, BTC may experience bearish pressure, but cooler readings may boost sentiment.

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Consumer sentiment

Rounding out the week with crypto implications for US economic activity is the Consumer Sentiment Report.

At 3:00 PM ET on January 23, the revised University of Michigan Consumer Sentiment Index is expected to be 54.0 in January, flat from a prior 54.0, marking the lowest level in history in 75 years.

This measure reflects the economic sentiment of Main Street, which is critical to retail-driven crypto adoption. Low sentiment signals have squeezed consumers with high costs and uncertainty. This could dampen Bitcoin enthusiasm as institutions dominate, but retail fuel rallies.

If the update beats expectations, it could boost BTC sentiment, indicating a recovery. Conversely, losses can prolong caution, pushing up prices.

At the time of writing, Bitcoin was trading at $92,663, down nearly 3% in the last 24 hours.