Cautious trading follows Bitcoin's rally

Bitcoin started the week on a calmer note after its strong climb. The largest crypto asset has lost about 1% since Friday and is down more than 2% over the past 24 hours, slipping below the $84,000 mark to trade around $82,742.29.

The pullback came as investors digested the latest price surge and turned their attention back to macroeconomic headlines. In particular, last week’s hawkish rate move has supported a cautious stance in risk assets, including digital currencies.

After the Fed move, attention shifts to the US macro calendar

Following last week’s decision, the Federal Reserve (Fed) raised its policy rate target to 4%. With crypto markets still searching for direction after that move, investors are now preparing to assess how this week’s US data could shape expectations for monetary policy.

What data is in focus this week?

  • US jobless claims
  • Housing data
  • Durable goods data

Jobless claims, due in the middle of the week, could offer a fresh signal on the resilience of the US economy. Housing and durable goods data may also provide additional clues about the growth outlook, affecting pricing across bond, currency and crypto markets.

Global central banks are also in focus

Crypto assets are watching not only US data but also the broader monetary policy outlook. Cross-asset markets are reassessing the global rate path after recent moves by the Bank of Japan and the Bank of England.

For now, Bitcoin’s short-term pullback is seen less as a sharp trend reversal and more as a wait-and-see move ahead of the data. Macro indicators due in the coming days could be the main driver of volatility in the crypto market.