Donald Trump accused manipulation of employment data in the U.S., alleging it was aimed at hurting Republican interests. The impact on the crypto market was minimal.
Trump's Allegations of Employment Data Manipulation
On August 2, 2025, Donald Trump posted a statement on Truth Social claiming employment data had been manipulated to undermine his political image. The U.S. Bureau of Labor Statistics released its report without responding directly to these accusations.
Minimal Volatility in Crypto Market
The crypto market, particularly Bitcoin and Ethereum, saw slight volatility, with price changes within a ±1.5% range. No significant capital outflows were observed, nor changes in the total value locked in DeFi protocols. Major institutional players, like BlackRock and Fidelity, did not comment on the situation.
Historical Resilience of Crypto Markets
Historical analysis shows political commentary rarely affects long-term cryptocurrency trends. Currently, Bitcoin was trading at $113,228.97, with a market cap of $2.25 trillion. Despite the political backdrop, Bitcoin's price declined by 2.49% over 24 hours, indicating market resilience.
Thus, Donald Trump's allegations of employment data manipulation did not significantly impact the crypto market, which remains resilient even in the face of political instability.
