Bitcoin and Altcoins Struggle as U.S. Jobs Data Falls Short of Expectations
07.02.2025 16:30 1 min. read Alexander Stefanov
Bitcoin (BTC) and other altcoins have experienced significant drops recently, with a notable impact from new tariff actions taken by Donald Trump.
As Bitcoin’s price dipped to $91,000, market participants turned their attention to the latest Non-Farm Employment Report from the U.S., a key indicator that could influence the Federal Reserve’s decisions on interest rates.
Released on the first Friday of every month, this report is closely scrutinized by investors looking to gauge the overall economic health.
The recent report showed that Nonfarm Payrolls increased by 143,000, falling short of the 169,000 expected, and significantly lower than the previous 256,000.
Meanwhile, the unemployment rate remained steady at 4.0%, slightly better than the anticipated 4.1%.
-
1
U.S Economy: Surprise GDP Drop Sparks Recession Fears as Inflation Stays Hot
30.04.2025 16:49 1 min. read -
2
BRICS: China Accelerates Yuan Adoption to Undermine Dollar in Global Trade
30.04.2025 16:00 1 min. read -
3
Federal Reserve Flags Growing Risks to U.S. Economy in New Stability Report
27.04.2025 16:11 1 min. read -
4
China and USA Strike Deal After Two Days of Trade Talks in Geneva
11.05.2025 23:15 1 min. read -
5
Economist Predicts Rough Year Ahead for U.S. Economy Amid Trade Tensions
05.05.2025 20:00 2 min. read
Bitcoin Nears Breakout Zone as Analyst Eyes Push Toward New Highs
Bitcoin could be on the verge of entering uncharted territory, according to a market analyst known for accurately predicting the pre-halving pullback last year.
Ethereum Poised to Lead as US-China Truce Sparks Risk Rally
Improved relations between the U.S. and China are helping reignite investor confidence across global markets—and crypto is no exception.
Bitcoin’s Evolution and Solana’s Rise: Scaramucci Outlines Crypto Outlook
SkyBridge Capital’s Anthony Scaramucci is signaling a shift in crypto investing, describing Bitcoin as increasingly behaving like a standalone asset class and endorsing Solana as a top candidate for ETF growth.
Ethereum Price Forecast: Will ETH Rise to $4,000 After Pectra?
Ethereum (ETH) has gone up by nearly 10% today on low trading volumes as the rally has entered price zones that offer little resistance. ETH currently sits at $2,681 per token and, with just 12% more to go to reach $3,000, the question in most traders’ minds is: is ETH going to break out above […]
-
1
U.S Economy: Surprise GDP Drop Sparks Recession Fears as Inflation Stays Hot
30.04.2025 16:49 1 min. read -
2
BRICS: China Accelerates Yuan Adoption to Undermine Dollar in Global Trade
30.04.2025 16:00 1 min. read -
3
Federal Reserve Flags Growing Risks to U.S. Economy in New Stability Report
27.04.2025 16:11 1 min. read -
4
China and USA Strike Deal After Two Days of Trade Talks in Geneva
11.05.2025 23:15 1 min. read -
5
Economist Predicts Rough Year Ahead for U.S. Economy Amid Trade Tensions
05.05.2025 20:00 2 min. read