According to Cointelegraph, Iliya Kalchev, an analyst at Nexo, a digital asset investment platform, stated that consumer confidence index, fourth quarter GDP, initial jobless claims, and crucial personal consumption expenditure (PCE) inflation data for next week are very important, and these data may affect the Federal Reserve's decision to cut interest rates. The market may now have more confidence in the upcoming economic data, and the cooling of inflation and stable economic conditions may further boost investor interest, thereby driving further gains in Bitcoin and digital assets.
