The cryptocurrency market is closely connected to the US economy. Every economic event in the US can influence the crypto market. So, it is important to closely observe developments in the US market. Here are the key economic events the US market is going to witness this week.

The US Building Permits, which measures the number of new housing permits issued, and Housing Starts, which tracks the actual construction of new houses, are the two key indices to be released on Wednesday.

The Building Permits index declined from 1.49 million to 1.48 million in December. The consensus is that it will drop further to 1.45 million. This signals less economic expansion.

The US Existing House Sales index, which calculates the number of previously owned homes sold, will be released on Friday, February 21. In December, it surged to 4.24 million from 4.15 million. The consensus is that it will decrease from 4.24 million to 4.17 million. This implies lower disposable income.

Philadelphia Federal Reserve President Patrick T Harker and Michelle Bowman, a member of the Federal Reserve Board of Governors, will give their speeches on Monday, February 17.

Federal Reserve Governor Michael Soloman Barr, San Francisco Federal Reserve President Mary C Daly, and Christopher J Waller, a member of the Board of Governors of the Federal Reserve, will make their speeches on Tuesday, February 18.

Federal Reserve Vice-Chairman Philip Jefferson, and St. Louis Federal Reserve President Alberto Musalem will give their speeches on Thursday, February 20.

Adriana Kugler, a member of the Federal Reserve Board of Governors, will deliver her speech on Friday, February 21. Interestingly, on the same day, Barr and Jefferson will give their second speeches of the week.