Cryptocurrency Market Braces for Turbulent Week Ahead of Economic Data Releases

The cryptocurrency market is bracing for a turbulent week ahead of several key economic data releases that could impact global risk sentiment and crypto prices.

On Monday, Bitcoin briefly dipped below $65,000 as leveraged long positions were liquidated, highlighting fragile market positioning. The sell-off was triggered by renewed tariff shocks and geopolitical tensions, which have been escalating since the US Supreme Court blocked President Trump's unilateral tariff plans.

The week ahead will see a string of economic data releases that could shape crypto liquidity and price action. On Monday, February 23, the US Factory Orders report will track demand for manufactured goods, providing an early signal of economic momentum.

On Tuesday, February 24, the US Tariffs Update and Consumer Confidence Index will be released. The latter gauges household optimism about the economy and spending outlook, with weak readings potentially signaling slower growth and reduced risk appetite.

NVIDIA's quarterly earnings report on Wednesday, February 25, will serve as a key barometer for the broader tech and AI sectors, which can have direct ripple effects on cryptocurrency markets. Strong results could lift equities and AI-linked crypto projects, while disappointing guidance may trigger broader risk-off behavior.