The bitcoin market is being discussed as potentially facing increased volatility this week ahead of releases of major U.S. economic indicators. Remarks by Federal Reserve (Fed) officials and a series of employment and inflation data are set to be published, and market interpretations of the interest-rate path and liquidity outlook could diverge.

On Feb. 9 (local time), the blockchain media outlet BeInCrypto said four main factors are in focus this week. They are remarks by Fed Governor Steven Miran (스티븐 미란), the U.S. employment report, weekly jobless claims and the January Consumer Price Index (CPI) release.

Miran is expected to speak at 5 p.m. on Feb. 9. In the crypto community, some are expressing expectations because he has shown a relatively favorable view of stablecoins. Some also raise concerns that if the nuance of his remarks shakes interest-rate expectations, bitcoin price volatility could increase in the short term.

The U.S. employment report due on Feb. 11 is an important indicator for gauging the Fed's monetary policy path. If a slowdown in employment is confirmed, expectations of rate cuts could grow and support appetite for risk assets. If deterioration in the jobs data spreads into worries about an economic slowdown, some view that risk-off sentiment could strengthen in the short term.

Weekly jobless claims data to be released on Feb. 12 is an indicator that shows labor market trends more immediately. If claims rise more than expected, it could stoke economic unease. It could also be interpreted as material that boosts expectations of monetary easing. With interpretations likely to differ, some also discuss the possibility of sharp short-term swings immediately after the release.

January CPI and core CPI due on Feb. 13 are seen as the most important economic event this week. If inflation comes in lower than expected, expectations of rate cuts could grow and have a positive impact on the bitcoin market. If inflation becomes entrenched, Treasury yields could rise and weigh on the crypto market.

Markets see bitcoin as still an asset that reacts sensitively to interest-rate and liquidity signals, and expect short-term volatility could increase around this week's release schedule.