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Debashree Patra
Debashree Patra
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- Mar 03, 2025 12:48 UTC
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Bitcoin Bull Run Ahead? Top 5 Economic Events to Watch This Week
Key US economic data this week (employment, inflation, Fed commentary) will drive Bitcoin's price volatility.
Weak economic reports could increase hopes for Fed rate cuts, boosting Bitcoin; strong reports could strengthen the dollar, pressuring BTC.
Investors are closely watching Fed Chair Powell's speech for signals on interest rate policy, which will significantly impact Bitcoin.
Bitcoin investors are watching closely as major US economic reports this week could influence BTC’s next move. Employment data, inflation insights, and Federal Reserve statements are set to shape market sentiment. If economic weakness fuels expectations of rate cuts, Bitcoin could rise. But if reports show strength, a stronger dollar may put pressure on BTC.
Top Events to Watch for BTC Price Impact
1. ADP Employment Report
The week starts with the ADP National Employment Report on Wednesday, providing insights into private-sector job growth. Economists expect February’s job growth to slow to 143,000, down from 183,000 in January. A weak report could raise hopes for Fed rate cuts, pushing Bitcoin higher. But strong employment data might signal economic resilience, strengthening the dollar and shifting investor focus away from BTC.
2. Jobless Claims Report – Signs of Economic Strength or Weakness?
On Thursday, the Initial Jobless Claims report will offer a real-time look at unemployment trends. Last week’s claims rose to 242,000, exceeding expectations of 225,000—suggesting economic softening. If claims continue to rise, financial distress could push investors toward Bitcoin as a safe haven. But if claims fall, a stable job market might limit BTC’s appeal.
3. US Unemployment Rate Could Shake Markets
Friday’s US Unemployment Rate report is a major market event. Job growth is expected to reach 160,000, up from January’s 143,000, while the unemployment rate may rise to 4.1%. Strong job growth could delay Fed rate cuts, slowing Bitcoin’s momentum. But if unemployment rises, BTC could gain as investors seek alternatives during economic uncertainty.
4. Powell’s Speech – Will the Fed Signal Rate Cuts?
Also on Friday, Federal Reserve Chair Jerome Powell 
Jerome Powell Jerome Hayden "Jay" Powell is an American attorney and investment banker who has served since 2018 as the 16th chair of the Federal Reserve Finance ’s speech could be a game-changer. Investors will listen closely for clues about interest rate policy. Powell has been cautious, saying the Fed isn’t in a rush to cut rates. If he signals an aggressive rate-cut approach, the dollar may weaken, boosting Bitcoin. But if he stays hawkish and focuses on controlling inflation, borrowing costs could rise, pressuring BTC.
5. Consumer Credit Data
The Consumer Credit report on Friday will reveal borrowing trends in the US. In December, consumer credit surged by $40.85 billion, reflecting strong spending confidence. If borrowing continues to rise, Bitcoin’s appeal may weaken as cash flows into traditional markets. But if borrowing slows, it could signal caution, strengthening Bitcoin’s store-of-value appeal.
Bitcoin’s Current Position
Bitcoin is currently trading above $92,000, gaining over 8% since Monday. With these economic events on the horizon, market volatility is likely. BTC’s next move will depend on how investors react to the data.
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