Jakarta, Pintu News – Global financial markets, including cryptocurrency markets, have always been responsive to various economic data from the United States.
This week, several important data releases are scheduled, which might affect the price volatility of cryptocurrencies like Bitcoin , Ethereum , and others. Here is a summary of four US economic indicators to watch out for.
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The Job Openings and Labor Turnover Survey (JOLTS) for April 2025 will be released on June 3. In March, the number of job openings fell to 7.192 million, the lowest figure since September 2024 and below market expectations of 7.48 million.
This decline may indicate a slowdown in the dynamics of the US labor market, which could impact investor confidence in the US economy and indirectly affect the crypto market.
This data is important because crypto investors often look for indications about the health of the economy to predict upcoming monetary policy. Weaker labor market conditions could prompt central banks to adopt looser monetary policies, which generally benefits riskier assets such as cryptocurrencies.
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The ADP employment report for May 2025 is scheduled to be released on June 4. April’s report showed private sector job additions of 62,000, a significant drop from March’s revised gain of 147,000.
This decline signals that job growth may be slowing, an important indicator that is often used as a barometer of economic health. Crypto investors and analysts monitor this report to gauge market sentiment and inflation expectations, both of which have a significant influence on crypto prices.
If the report shows further declines, it could fuel speculation about the possibility of further stimulus measures from the Federal Reserve, which might support crypto prices.
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Initial jobless claims data for the week ended May 24 showed a rise to 240,000, up from 226,000 the previous week and exceeding forecasts of 229,000. This was the highest figure since November 2021, signaling potential further weakness in the labor market.
This data is highly relevant to the market as it shows the current state of employment. A rise in jobless claims could raise concerns about economic stability, which in turn could affect investment decisions in the crypto market. Investors may seek safe haven assets such as Bitcoin (BTC) if the data shows increased economic uncertainty.
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The Non-Farm Payrolls report for May 2025 is scheduled for release on June 6. In April, the US economy added 177,000 jobs, surpassing expectations, while the unemployment rate remained stable at 4.2%. This report is highly anticipated as it provides a comprehensive picture of labor market conditions in the US.
An increase in NFP is often considered a positive indicator for the US economy, which can strengthen the US dollar. However, it could also mean a faster tightening of monetary policy, which might negatively impact the crypto market. Therefore, crypto investors need to pay close attention to the results of this report to make informed investment decisions.
That’s the latest information about crypto. Follow us on Google News to stay up-to-date on the world of crypto and blockchain technology.
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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.
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