Bitcoin News
By Maheen Hernandez
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Bitcoin’s Rocky August Close. After hitting an all-time high of $124,545.60, Bitcoin closed August with a 6.
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Fed’s Tightrope: Inflation vs. Jobs. The Federal Reserve is at a crossroads. Inflation remains elevated, but the jobs market is showing…
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Thursday: Jobless Claims Take the Spotlight. The week kicks off with initial jobless claims, which measure new applications for unemployment…
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Productivity and Labor Costs: A Hidden Risk. On the same day, the market will also digest the final revision of U.S.
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Friday: The All-Important Jobs Report. The most anticipated release of the week is Friday’s Nonfarm Payrolls and Unemployment Rate.
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Market Sentiment and Seasonal Headwinds. Despite the potential for a bullish reaction to weak jobs data, Bitcoin still faces strong…
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What This Means for Bitcoin Investors. This week’s economic calendar could prove pivotal for Bitcoin.
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Conclusion. Bitcoin enters September at a critical juncture, with macroeconomic events set to determine its…
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Bitcoin heads into September under heavy scrutiny as investors brace for critical economic data that could sway the U.S. Federal Reserve’s next policy moves.
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After hitting an all-time high of $124,545.60, Bitcoin closed August with a 6.47% monthly loss, sparking renewed caution among traders.
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Market participants are especially wary because September has historically been one of Bitcoin’s weakest months, marked by lower liquidity and bearish seasonality.
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Bitcoin, often touted as a hedge against monetary instability, finds itself in the middle of this policy tug-of-war.
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The week kicks off with initial jobless claims, which measure new applications for unemployment benefits. The consensus estimate is 230,000, slightly above last week’s 229,000.
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If the number comes in higher than expected, it would signal further labor market softening, increasing pressure on the Fed to consider a rate cut in September.
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On the same day, the market will also digest the final revision of U.S. productivity and unit labor costs. Preliminary Q2 data showed productivity rising 2.
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