Experts: Bitcoin and Ethereum trading downturn may begin this week
Source: CoinWorld
Time: 2025-09-09 14:01:16
Bitcoin trading off-season may break as key U.S. economic data — a correction for non-farm employment data released on Tuesday (expected to be between -450,000 and -950,000), a producer price index (PPI) released on Wednesday and a consumer price index (CPI) released on Thursday — could impact the Fed's interest rate decision after September. Inflation concerns continue, Amberdata's Greg Magadini noted that inflation remains an "unknown variable" and that the volatility index (VIX) futures that expire on September 17 and the Fed's statement may exacerbate market volatility. Ethereum showed a slightly bullish trend, with open contracts rising by $438 million to $24.3 billion, while Bitcoin’s open contracts increased by $450 million to $30.41 billion.