Major U.S. Economic Event To Watch This Week

The crypto market has started the week on a slightly positive note, with Bitcoin rising nearly 1%. The early gain comes ahead of a crucial week filled with major U.S. economic events. From Fed Chair Jerome Powell’s speech to initial jobless claims, these updates could have a huge impact on Bitcoin and altcoins. Let’s see what the key U.S. economic events are to watch this week.

Key U.S. Economic Event To Watch This Week

March 30: Fed Chair Jerome Powell Speech

The week begins with a speech from Jerome Powell on March 30. After the recent FOMC meeting, where interest rates were held between 3.5% and 3.75%, Powell is expected to stay cautious.

Markets believe the Fed may not rush into rate cuts. Some experts expect Powell to signal only 1–2 rate cuts in 2026, instead of aggressive policy loosening. Although a strict stance from the Fed will put pressure on risk assets like Bitcoin.

April 1: ISM Manufacturing PMI
Further, we have the release of ISM Manufacturing Purchasing Managers Index (PMI) data, which will offer insight into the health of the U.S. industrial sector. Last month, the PMI came in at 52.4, and forecasts suggest a slight dip to 52.3.

A number above 50 still shows economic growth. For crypto, this is often seen as a neutral to slightly bullish signal, as it means the economy is stable without overheating.

2nd April: Initial jobless claims
On 2nd April, the Initial Jobless Claims report is expected to rise to around 212,000, up from 210,000 last week. A gradual increase in jobless claims typically signals a cooling labor market. 

This can increase the chances of future rate cuts, which is usually positive for Bitcoin. Historically, such expectations tend to benefit Bitcoin and other crypto assets.

April 3: U.S. Employment and Unemployment Report

The week concludes with the crucial U.S. employment and unemployment report. Job growth is expected to slow from February’s 63K to around 42K. At the same time, the unemployment rate is forecast to rise slightly from 4.4% to 4.5%. A weaker labor market could increase pressure on the Federal Reserve to consider rate cuts sooner than expected.

If employment slows while unemployment rises, liquidity expectations may improve. That combination often acts as a bullish catalyst for Bitcoin and altcoins.

Crypto Market in Turmoil: Bitcoin Price May Hit $46K?

Following the important macro week, the crypto market is still struggling to build strong momentum. Bitcoin continues trading below its 2021 all-time high of $69,000, reflecting cautious sentiment among investors.

Popular crypto analyst Willy Woo believes Bitcoin could bottom between $46,000 and $54,000. His outlook is based on the CVDD Floor Model, which currently shows support around $45,500 and aligns with previous bear market structures.

Meanwhile, prediction platforms like Polymarket show a 54% chance of Bitcoin dropping to $45,000 by year-end. For now, the market remains uncertain, and this week’s data could decide the next big move.