How does US Economic Data Affect Bitcoin (BTC) Price?

Jakarta, Pintu News – Global financial markets are always sensitive to various economic data, especially from the United States, which has a major influence on the exchange rate of digital currencies such as Bitcoin (BTC).

This week, several US economic indicators are scheduled for release, each of which has the potential to move the Bitcoin (BTC) market in multiple directions.

Here’s a crypto analyst’s in-depth analysis of the three economic signals and their potential impact on Bitcoin (BTC)!

Initial Jobless Claims

Each week, the initial jobless claims data provides a snapshot of the number of Americans applying for unemployment insurance for the first time. This coming Thursday, this data is anticipated with a projected increase in claims to 221,000 from 218,000 in the previous week.

An increase in jobless claims could indicate a slowdown in the labor market, which could indirectly impact the value of Bitcoin (BTC) as it indicates a potential decline in economic activity.

This data is becoming increasingly important as the labor market has a strong correlation with the monetary policy taken by central banks.

If jobless claims increase significantly, this could fuel speculation about an interest rate cut by the Federal Reserve, which is generally considered positive for Bitcoin (BTC) as investors seek assets with higher yield potential.

Read also: Fed Rate Cut Chance Increases, What Impact on the Economy?

ISM Services PMI Index

The Purchasing Managers’ Index (PMI) for the services sector, measured by the Institute for Supply Management (ISM), is another important indicator awaited by the market. The index reflects business conditions in the services sector, including new orders, production levels, and employment situation.

With a June value of 50.8%, economists expect a small increase to 51.1% for July. If the services PMI value exceeds expectations, it signals stronger economic activity and may reduce hopes for an interest rate cut by the Federal Reserve.

Results like this could have a negative impact on Bitcoin (BTC) as investors may choose to allocate their investments to assets that are considered safer or more stable in an improving economy.

Read also: Japan’s Metaplanet Invests heavily in Bitcoin (BTC) Amid Recovering Market

US Labor Productivity and Costs

Data on productivity and labor costs are important indicators that show the dynamics of wages and inflation. For the second quarter, an increase in productivity of 1.9% is expected after a decline of 1.5% in the first quarter.

Meanwhile, labor costs are expected to rise 1.3%, lower than the 6.6% increase in the previous quarter. A rise in labor costs without a subsequent increase in productivity could indicate persistent inflation, which is traditionally considered positive for Bitcoin (BTC) as a “safe haven”.

However, if the data shows a healthy increase in productivity, it could signal economic stability which reduces interest in Bitcoin (BTC) as an investment alternative.

Conclusion

Keeping an eye on various US economic indicators this week is important for understanding the potential direction of Bitcoin (BTC) price movements. From jobless claims, services PMI, to productivity and labor cost data, each piece of data has the power to influence market sentiment. Investors and traders should remain vigilant and be ready to adjust their strategies based on the latest data and in-depth analysis.

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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. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• BeInCrypto. US Economic Signals Pose Risk to Bitcoin Recovery. Accessed on August 5, 2025
• Featured Image: Generated by AI