With Good Friday approaching, cryptocurrency investors are closely monitoring four key US economic indicators set to be released this week, as each could impact digital asset prices.

The first indicator, Consumer Inflation Expectations survey from the Federal Reserve Bank of New York, is due on Monday. Recent data showed a rise in expectations to 3.1% in February, pointing to concerns about inflation. A spike in expectations could impact the cryptocurrency market, with heightened inflation fears potentially driving interest in Bitcoin as a hedge. However, excessive inflation expectations could lead to fears of tighter Federal Reserve policy, putting pressure on risk assets like cryptocurrencies.

Wednesday will see the release of the US Retail Sales report for March, which measures consumer spending. Strong retail sales may boost traditional markets while weak sales could fuel recession fears and drive capital towards decentralized assets like Bitcoin.

Another significant report due on Wednesday is the Federal Reserve's Industrial Production report for March, monitoring changes in manufacturing and utilities output. A decline in industrial production may strengthen the decentralization narrative, benefiting blockchain projects, but persistent declines could cause market panic, affecting speculative tokens.

Thursday's Initial Jobless Claims report, reflecting new unemployment filings, will provide insights into the labor market's health. A spike in jobless claims could raise recession concerns and potentially lead investors towards Bitcoin as a store of value.

As the holiday of Good Friday nears, trading volumes may decrease, making cryptocurrency prices more vulnerable to sudden fluctuations. The current price of Bitcoin is $84,962, showing a slight increase of 0.35% in the last 24 hours according to data from BeInCrypto.