Bitcoin price continues to hover around $105,000. Meanwhile, the U.S. economy is signaling potential concerns, leading President Trump to express criticism regarding Fed Chairman Jerome Powell.
Labor Market Overview and Fed Response
As this article is being prepared, ADP figures suggest a potential decline in employment levels. This data precedes the Non-Farm Payroll report expected on Friday. If the numbers fall below expectations, it may push the Fed closer to cutting rates. Amid the ongoing trade war, U.S. stock futures remain relatively positive.
Trade War Impact on Cryptocurrencies
Bitcoin trades between $104,880 and $105,200. The lack of excessively negative statements from China supports the crypto market. Investors remain focused on Friday’s data release and the upcoming talks between Trump and Xi Jinping.
Bitcoin Prospects and Expert Predictions
Experts anticipate that several agreements will be reached in the coming weeks, including in the aviation sector, which may influence the economic situation. Expectations continue as trade disputes between the U.S. and China persist, necessitating measures to alleviate economic tensions.
The situation regarding Bitcoin and the economic indicators in the U.S. remains under close watch by investors. Anticipations regarding possible changes in Fed policy and the impact of trade agreements on the economy create volatility in markets.
