As the article discusses, Bitcoin 
$95,231 is currently hovering around $89,800, leaving altcoins weary of Bitcoin’s price fluctuations. Recent data has emerged as a precursor to Friday’s Non-Farm Payroll report, with the U.S. Secretary of Commerce also making announcements, stirring activity in the cryptocurrency market.
US Data and Cryptocurrency Dynamics
The U.S. ADP Employment Change data serves as a leading indicator for Non-Farm Employment. While last month’s figures were disappointing, the latest data presents a hopeful outlook for Friday, with the released ADP figure at 77,000 against a forecast of 140,000, compared to the previous month’s 183,000.
“Policy uncertainty and sluggish consumer spending may have led to layoffs or a slowdown in hiring last month. Our data, combined with other recent indicators, suggests hesitation among employers assessing the upcoming economic environment regarding hiring decisions.” Nela Richardson (ADP, Chief Economist)
The Federal Reserve appears to lag behind other central banks, pushing the U.S. towards potential economic chaos, compounded by impending tariffs. Consequently, expectations are rising for an interest rate cut by the Fed in May.
Additionally, discussions on tariffs continue. The U.S. Secretary of Commerce indicated that certain reciprocal tariffs would take effect immediately, with President Trump and Canadian Prime Minister Trudeau expected to speak later. The Secretary stated:
“The work will conclude on April 2, and some tariffs will commence directly. Companies have planned $1 trillion in investments. Apple, Oracle, TSMC, and Softbank have outlined their plans. Once reciprocal tariffs are implemented, they will be permanent.”
Commerce Secretary Lutnick dismisses the uncertain effects stemming from Trump’s policies.
