Philadelphia Fed business activity

History, bitcoin reaction and upcoming dates

How bitcoin, the S&P 500 and Nasdaq reacted

BTCS&P 500Nasdaq

Percentage change from the start of the selected period.

What it is and why it matters

The Philadelphia Fed business activity index measures the economic health of manufacturing in the Philadelphia region by surveying local factories about new orders, employment, and general business conditions. A stronger-than-expected reading signals economic growth, which can boost the US dollar and hurt risk assets like crypto and bitcoin; a weaker reading can have the opposite effect, sometimes supporting crypto prices.

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History and BTC reaction

24 releases

Period	Value	Prev.	BTC before	BTC after	BTC reaction
September 2026	37.8	47.4	—	—	—
August 2026	47.4	41.4	$78,189	$76,417	-2.3%
July 2026	41.4	10.3	$63,044	$64,532	+2.4%
June 2026	10.3	-0.4	$65,044	$63,932	-1.7%
May 2026	-0.4	26.7	$65,746	$64,509	-1.9%
April 2026	26.7	18.1	$81,090	$77,458	-4.5%
March 2026	18.1	16.3	$74,132	$77,072	+4.0%
February 2026	16.3	12.6	$71,212	$73,909	+3.8%
January 2026	12.6	-8.8	$69,823	$67,504	-3.3%
December 2025	-8.8	0.6	$96,952	$95,148	-1.9%
November 2025	0.6	-10.1	$88,172	$86,243	-2.2%
October 2025	-10.1	19.5	$94,594	$92,215	-2.5%
September 2025	19.5	0.7	$113,028	$106,432	-5.8%
August 2025	0.7	11.4	$115,268	$116,448	+1.0%
July 2025	11.4	-1.4	$118,295	$117,405	-0.8%
June 2025	-1.4	-0.7	$119,841	$119,178	-0.6%
May 2025	-0.7	-12.9	$105,415	$104,551	-0.8%
April 2025	-12.9	10.2	$103,508	$103,127	-0.4%
March 2025	10.2	13.4	$84,592	$84,948	+0.4%
February 2025	13.4	32.9	$83,983	$84,010	+0.0%
January 2025	32.9	-9.6	$97,500	$95,780	-1.8%
December 2024	-9.6	-1.5	$96,561	$104,077	+7.8%
November 2024	-1.5	7.6	$101,420	$106,134	+4.6%
October 2024	7.6	-1.6	$87,326	$89,856	+2.9%

Values are shown exactly as in the calendar. “BTC before/after” is the price one day before and about two days after the release (the release date is an estimate; daily Binance candles).