This week, Nansen Research points out key macroeconomic factors and political announcements that may influence the cryptocurrency market. Focus will be on data and announcements that could indicate the potential for reaching a crypto bottom.
Macroeconomic Factors and Upcoming Events
Nansen analysts highlight several macroeconomic factors that could influence the movement of the cryptocurrency market this week. Investors will focus on Federal Reserve policy, tariffs, and U.S. growth rates, reflected in manufacturing and job data.
Political Statements and the Market
The so-called 'Liberation Week' foresees key data releases and potential political announcements, which, combined with current market sentiments, may indicate the price trajectory of Bitcoin and other cryptocurrencies. Special attention is drawn to the recent 25% auto tariffs and potential reciprocal measures.
Investor Prospects
This week will also see the release of non-farm payroll data. According to Nansen, economist consensus for March is 139k against a six-month average of 191k with an unemployment rate of 4.3%. These figures will be crucial amid the recent 11% drop for the S&P 500. Technical indicators for BTC are also lacking. Nansen's overall view suggests a positive outlook, with a 70% probability of hitting the crypto 'bottom' between April and June.
Nansen's research underscores the importance of macroeconomic and political factors that may determine cryptocurrency dynamics in the coming months. Against the backdrop of current technical data and market sentiments, the probability of hitting the bottom remains high.
