How Weakening US Labor Data Could Impact Bitcoin Market — Report
The global macro environment has been one of the major defining factors in Bitcoin and the broader crypto market so far this year. From the brewing geopolitical tensions in the Middle East to the rising inflation expectations in the United States, the global financial markets have barely caught a break in 2026. A prominent market […]
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The August US labor readings have turned Friday’s nonfarm payrolls into a live-fire macro event for crypto. On Wednesday, ADP’s private payrolls rose by just 54,000—well under the forecast—and job openings have slipped on the latest JOLTS print, sharpening focus on whether the Federal Reserve will confirm a long-telegraphed September rate cut. Why Tomorrow Could Be Crucial For The Crypto Market As crypto analyst Kevin (Kev Capital TA) put it, “JOLTS report indicates that job openings are slightly weakening. This will catch the attention of the Fed. Labor market report on Friday just got....
The U.S. Department of Labor has been sued by a 401(k) plan administrator over its cryptocurrency guidance. “This lawsuit seeks to preserve the rights of American investors to choose how to invest money in their own retirement accounts.”
U.S. Labor Department Sued Over Crypto Guidance
The U.S. Department of Labor (DOL) and Secretary of Labor Martin J. Walsh have been sued over the department’s Compliance Assistance Release No. 2022-01. The guidance, titled “401(k) Plan Investments in ‘Cryptocurrencies,'” was issued on March 10.
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Peter Berezin, chief global strategist at BCA Research, has predicted that the stock market will experience a significant crash by 2025. His prediction is noteworthy, given the impact that a decline in the stock market could have on the crypto market. Market Expert Predicts 32% Crash In Stock Market Berezin mentioned in an interview that the S&P 500 will decline by 32% and drop to 3,750 by next year. He explained that this downtrend would occur due to a recession in the US, which he predicts could happen at year-end or early 2025. He claimed that the reduction in consumers’ spending is....
There have been fewer job openings in the United States lately and this may, one way or another, have an impact on Bitcoin and the broader crypto market. The recent data on unemployment in the US shows that the labor market is still predominantly strong at 3.8%. However, the creation of new jobs is seen […]
The level of price fluctuation in Bitcoin and crypto market is sometimes very discouraging. Many cryptos in 2022 have continually lost value, while others record more pullbacks than rallies. This situation has been the bane of the market since the start of the inflation growth. Currently, bad news in the macroeconomic environment might affect crypto prices. For instance, releasing inflation data usually leads to a price crash. That’s why the general market usually dreads the days when the Feds make the announcements. Related Reading: SushiSwap Suffers Monthly Drop In TVL – How Will....