The weakness in Bitcoin’s price persists, as it struggles to reclaim the $92,000 threshold, leaving altcoin investors equally dissatisfied. Cryptocurrencies have significantly declined due to various reasons, and there is hope that March will bring an end to this tension with a shift toward reconciliation. The significance of this upcoming Friday cannot be overstated.
Key Economic Data Releases
Before delving deeper into the main topic, Friday will see the release of crucial macroeconomic data. The upcoming figures on non-farm employment and unemployment are of great importance. The anticipation surrounding these statistics may influence market prices throughout the week.
Three hours after U.S. markets open on Friday, we will follow Fed Chair Powell’s speech. Additionally, four different Fed members will be making statements throughout the day. The expectation for unemployment is at 4%, remaining steady from previous data, while a slight increase is anticipated in non-farm employment figures.
Market participants will closely watch Powell’s comments regarding inflationary signals and Trump’s increasingly strict tariff stance. Both businesses and citizens are struggling in the current high-interest environment, compounded by inflationary pressures. creator solana token
