The "Philadelphia Fed new orders" measures the change in the number of new manufacturing orders received by factories in the Philadelphia region, indicating the health of local manufacturing activity. Stronger new orders suggest economic growth, often boosting risk appetite and potentially supporting crypto and Bitcoin prices; weaker numbers can signal slowdown, leading to risk-off sentiment and downward pressure on crypto markets.
Calendar Philadelphia Fed new orders
Philadelphia Fed new orders
History, bitcoin reaction and upcoming dates
How bitcoin, the S&P 500 and Nasdaq reacted
Percentage change from the start of the selected period.