🎉 Gate xStocks Trading is Now Live! Spot, Futures, and Alpha Zone – All Open!
📝 Share your trading experience or screenshots on Gate Square to unlock $1,000 rewards!
🎁 5 top Square creators * $100 Futures Voucher
🎉 Share your post on X – Top 10 posts by views * extra $50
How to Participate:
1️⃣ Follow Gate_Square
2️⃣ Make an original post (at least 20 words) with #Gate xStocks Trading Share#
3️⃣ If you share on Twitter, submit post link here: https://www.gate.com/questionnaire/6854
Note: You may submit the form multiple times. More posts, higher chances to win!
📅 July 3, 7:00 – July 9,
Critical Data from the US May Not Affect Bitcoin: There is an Upward Scenario Regardless! - Coin Bulletin
Whatever the U.S. employment data for March is, a scenario could emerge where Bitcoin (BTC) investors will profit.
The recent announcement of broad new tariffs on 180 countries by U.S. President Donald Trump has increased expectations of stagnation in the markets and the likelihood of interest rate cuts by the (FED). Therefore, regardless of the result of March's non-farm payroll data, it seems that the rise in Bitcoin price will be supported.
The price of Bitcoin is currently trading at approximately 83 thousand 190 dollars. The BTC price, which has been well above the 77 thousand dollar low level in March, shows that selling pressure in the market is weakening despite the uncertainty caused by tariffs. This situation indicates that investors are tired of selling and that prices may rise in the short term.
(# win-win scenario for BTC
The employment data to be announced today at 15:30 TRT is expected to decrease from the 151 thousand increase in February to 130 thousand according to economists' expectations. The unemployment rate is expected to rise from %4.1 to %4.2.
While it is known that strong employment figures have strengthened the dollar and put pressure on risky assets like Bitcoin, markets may view this as "backward-looking data". Because Trump's new tariffs have an impact large enough to overshadow such strong data.
On the other hand, weak employment data may increase recession fears in the economy and strengthen the possibility of a rate cut by the FED**. This, in turn, could lead investors to turn to risky assets and increase the price of Bitcoin.
Volmex data regarding the Bitcoin options market indicates that a movement of approximately %3.4 in the BTC price is expected within the next 24 hours. This requires investors to be cautious about price movements in the short term.