After a tough month that saw Bitcoin and most crypto assets touch New Year-to-Date (YTD) lows, despite the weekend sparking optimism, fresh crypto-sanctuary optimism sparked by President Trump’s weekend statements sent prices soaring again, quickly reversing negative sentiment. Despite this fresh optimism, the cryptocurrency market may still face significant hurdles in the short term and on Friday, March 7th.
First, on March 7th, the U.S. will release key employment data for February 2025, including non-farm payrolls and the unemployment rate, while Federal Reserve Chairman Jerome Powell is expected to speak. Following the data release, Powell’s speech may indicate whether a near-term rate cut is on the table. Per Trading Economics data at the time of writing, the U.S. is expected to add 153,000 jobs in February 2025, up from 143,000 in January 2025. The U.S. GDP is expected to remain unchanged at 4.0%.
Other factors that could impact the market this week include the implementation of tariffs on Canada and Mexico on March 4th. These events are likely to have a significant impact on price action, so the cryptocurrency markets could experience some wild swings.
BTCUSD BTCUSD BTCUSD 
BTCUSDT.P BTCUSD
First, on March 7th, the U.S. will release key employment data for February 2025, including non-farm payrolls and the unemployment rate, while Federal Reserve Chairman Jerome Powell is expected to speak. Following the data release, Powell’s speech may indicate whether a near-term rate cut is on the table. Per Trading Economics data at the time of writing, the U.S. is expected to add 153,000 jobs in February 2025, up from 143,000 in January 2025. The U.S. GDP is expected to remain unchanged at 4.0%.
Other factors that could impact the market this week include the implementation of tariffs on Canada and Mexico on March 4th. These events are likely to have a significant impact on price action, so the cryptocurrency markets could experience some wild swings.
BTCUSD BTCUSD BTCUSD BTCUSDT.P BTCUSD 
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This account has been restricted from publishing. Traders who continue to follow my signals and make profits can click 👉 to leave me a message. Telegram: t.me/BeckLedley
Channel: t.me/FcCygjylf
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.