Bitfinex Blog/
What Bitfinex Traders Should Watch in May
Bitfinex outlines key US macroeconomic indicators for May, including PMI, Non-Farm Payrolls, CPI, PPI, Retail Sales, and Core PCE, alongside oil prices and on-chain metrics like STHRP and STH SOPR, to gauge potential cryptocurrency market movements.
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Why It Matters
US economic data and inflation metrics directly influence Federal Reserve policy expectations, which in turn affect yields and cryptocurrency demand, specifically ETF flows.