Traders and investors are eagerly awaiting various US economic indicators this week, as they have the potential to impact their cryptocurrency investment portfolios. The significance of these macroeconomic data has increased, especially considering the influence they have had on Bitcoin (BTC) prices by the year 2025.

As Bitcoin's price remains in consolidation around the $94,000 mark, the volatility surrounding the upcoming US economic events could influence the next directional trend in the market.

Here are some of the US economic indicators of interest to crypto market participants this week, based on data from MarketWatch:

1. ISM Services and S&P final US services PMI are the initial indicators to watch. These data points will assess the performance of the US service sector in April. A reading above 50 typically indicates expansion, while anything below suggests contraction.

2. The US trade deficit data for March will measure the difference between exports and imports. A forecast of -$136 billion is expected after the previous reading of -$122.7 billion. A widening trade deficit, particularly amidst discussions on tariffs, could weaken the US dollar, benefiting Bitcoin and cryptocurrencies.

3. The highlight of the week will be the FOMC meeting and the subsequent conference with Federal Reserve Chair Jerome Powell. While rates are expected to remain between 4.25%-4.5%, Powell's comments on policy outlook, inflation, and economic growth could significantly influence market sentiment.

4. Additionally, the Consumer Credit data due on Wednesday will reflect US borrowing trends, indicating consumer confidence and spending power. Rising credit levels might divert investment from speculative assets like Bitcoin towards traditional markets, potentially impacting cryptocurrency demand.

5. Lastly, the Initial Jobless Claims data, reporting weekly new unemployment filings, will offer insights into the health of the labor market. Lower-than-expected claims signal economic strength, which could benefit traditional markets and pressure crypto prices due to Bitcoin's inverse correlation with the US dollar.

The reactions in the crypto markets to these economic indicators will be closely watched, with traders anticipating potential impacts on market sentiment, volatility, and investor positioning.