Today’s “perfect storm” for Bitcoin brings several critical macro tests that signal a volatility surge – what to watch
Bitcoin faces a volatile day driven by critical macro events, including the jobs report and a Supreme Court decision on tariffs.Summary
Bitcoin is poised for a volatile day due to a confluence of major macroeconomic events, described as a "perfect storm." The first major shockwave is the 8:30 a.m. ET jobs report, which heavily influences interest rate expectations; strong data pressures Bitcoin by suggesting higher-for-longer rates, while weak data boosts hopes for earlier cuts. At 10:00 a.m. ET, the Supreme Court convenes, potentially ruling on tariffs, which could impact inflation expectations and Treasury issuance, further affecting market sentiment and liquidity. Adding complexity, Minneapolis Fed President Neel Kashkari is scheduled to speak concurrently. The day concludes with the CFTC's positioning data at 3:30 p.m. ET. Bitcoin's current fragile setup, marked by recent ETF outflows, means macro scares could trigger sharper selloffs. Ultimately, the day tests whether optimism about easing or anxiety over persistent inflation and trade policy uncertainty will dominate Bitcoin's direction, which is fundamentally tied to the price of money reflected in bond yields and the U.S. dollar.
(Source：CryptoSlate)