QCP Capital analysts saw a positive for Bitcoin in US macroeconomic trends - the economy is showing more and more signs of overheating.

The upcoming macro data can return interest in cryptocurrencies as an insurance against inflation, experts say.

“These reports could further shake markets, testing the ability of cryptocurrencies to withstand inflation fears. Given the growing concerns about it, the week could become a serious test for digital assets,” concluded QCP experts.

This week we are waiting for:

• producer price index (January 14);
• consumer inflation, CPI (January 15);
• unemployment data (January 16).

Also last Friday, a report on non-farm payrolls was released, which showed an increase in the number of jobs by 256,000 versus the forecast of 164,000.

The data “shattered hopes” that the Fed would cut the key rate and sent the stock market into a fall. Concerns about inflation were also added to by the anticipation of trade tariffs announced by Donald Trump.