March 7, 2025 Could Be a Crucial Moment for the Crypto Market, Save the Date!

Jakarta, Pintu News – March 7 is considered a crucial day that could determine the direction of Bitcoin and the crypto market as a whole in 2025.

Various important events are scheduled for the day, each with great potential to shake up market prices.

Investors worldwide are waiting in anticipation to see if this will be the start of a big rally or if it will trigger a new bearish sentiment.

Check out the full news here!

Key Employment Data and Crypto Summit

The US Bureau of Labor Statistics (BLS) will release highly anticipated employment data on March 7. This data includes the non-farm payroll report and the unemployment rate, which could heavily influence the markets.

If the NFP data shows rising payrolls and a low unemployment rate, this might reduce speculative interest in Bitcoin (BTC). Conversely, a high unemployment rate and job losses could prompt a surge in crypto prices as investors shift away from traditional assets.

In addition to the anticipated data, Jerome Powell, Chairman of the Federal Reserve, is scheduled to speak. His speech is rumoured to revolve around an imminent interest rate cut, which has investors bracing for its impact.

On the same day, leading ecosystem players will attend the Crypto Summit at the White House, the first in a series of summits designed to shape crypto policy in the US.

Also read: Grayscale Officially Files 19b-4 for Hedera ETF with the US SEC!

Market Projections After the Summit

According to Coingape, the Crypto Summit is expected to trigger positive sentiment in the market. Experts predict that the event will support Bitcoin’s (BTC) move towards the $150,000 price.

The summit marks an important point in the dialog between crypto stakeholders and policymakers, which could bring further clarity and much-needed legal certainty to the market.

In addition, various other events in March will also affect crypto prices. On March 6, the Commodity Futures Trading Commission (CFTC) will host a CEO forum focused on stablecoins in the futures market. The House Banking Committee will also mark up draft stablecoin legislation on an unspecified date in March.

Read also: Hot Debate: Are Solana, Cardano, and XRP Suitable for Crypto Strategic Reserves?

Regulatory Development and Its Impact

Following the SEC’s rejection of Kraken’s case, the Commission is expected to hold a crypto industry roundtable in March. There is also speculation that a hearing date for the nomination of Paul Atkins as SEC Chairman will be proposed in the same month.

A new bipartisan initiative by US lawmakers forming a crypto caucus demonstrates a collaborative effort in formulating digital asset policy.

All these events point to a March full of activities that will greatly affect the crypto market dynamics. Investors and market watchers should pay close attention to make the right investment decisions.

Conclusion

With key events scheduled on and around March 7, 2025, the Bitcoin (BTC) and crypto markets may experience significant changes. How market participants respond to the data and announcements will largely determine the market’s direction for the following months.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coingape. Why March 7 Could Be a Turning Point for Bitcoin & Crypto Market in 2025. Accessed on March 5, 2025
• Featured Image: Generated by Ai