Bitcoin wavers as US sees a massive 911,000 job revision, sparking recession fears. With unemployment at 4.3% and potential Fed rate cuts, the crypto market remains volatile. Explore the implications for BTC and opportunities amidst this challenging economic backdrop.
The plummeting Bitcoin price is causing concern among investors as the United States faces a historic wave of job cuts. With a downward revision of 911,000 jobs created between 2024 and 2025, investors fear an imminent recession that could prove disastrous for cryptocurrency.
At the time of writing, Bitcoin has maintained its support at $110,800 and is once again heading toward the resistance at $112,500, trading at approximately $111,900.
If BTC breaks and holds above $112,500, it will likely reach at least $114,000 thereafter. Conversely, a drop below $110,600 would trigger a decline below $109,000.
Despite the negative employment news, the economic situation in the United States remains relatively stable. The unemployment rate stays at a historically low 4.3%, and the rise of artificial intelligence allows major tech companies to increase their profitability without creating new jobs. However, the fragility of the labor market raises questions about future prospects.
The coming days will be crucial for Bitcoin, with the imminent release of key indicators such as the Producer Price Index and Consumer Price Index (PPI and CPI). This data could have a decisive impact on the Federal Reserve’s monetary policy and, consequently, on the price of the leading cryptocurrency.
As Ted Pillows points out, the last 3 CPI announcements triggered drops of 9 to 11%. Caution and vigilance will be essential this week.
Related topics:
Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
DISCLAIMER
This article is for informational purposes only and should not be considered as investment advice. Trading cryptocurrencies involves risks, and it is important not to invest more than you can afford to lose.
InvestX is not responsible for the quality of the products or services presented on this page and cannot be held liable, directly or indirectly, for any damage or loss caused by the use of any product or service featured in this article. Investments in crypto assets are inherently risky; readers should conduct their own research before taking any action and invest only within their financial means. This article does not constitute investment advice.
Risk Warning : Trading financial instruments and/or cryptocurrencies carries a high level of risk, including the possibility of losing all or part of your investment. It may not be suitable for all investors. Cryptocurrency prices are highly volatile and can be influenced by external factors such as financial, regulatory, or political events. Margin trading increases financial risks.
CFDs (Contracts for Difference) are complex instruments with a high risk of rapid capital loss due to leverage. Between 74% and 89% of retail investor accounts lose money when trading CFDs. You should assess whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Before engaging in financial or cryptocurrency trading, you must be fully informed about the associated risks and fees, carefully evaluate your investment objectives, level of experience, and risk tolerance, and seek professional advice if needed. InvestX.fr and the InvestX application may provide general market commentary, which does not constitute investment advice and should not be interpreted as such. Please consult an independent financial advisor for any investment-related questions. InvestX.fr disclaims any liability for errors, misinvestments, inaccuracies, or omissions and does not guarantee the accuracy or completeness of the information, texts, graphics, links, or other materials provided.
Some of the partners featured on this site may not be regulated in your country. It is your responsibility to verify the compliance of these services with local regulations before using them.
