4 economic indicators from America that may impact the crypto market this week

Although this week has shorter operating hours due to an additional holiday in America, there are still many important economic events that could affect the crypto market.

However, instead of being distributed evenly throughout the short week, most of the economic indicators in America are densely concentrated on Tuesday and Thursday — with Thursday being particularly busy.

Traders can anticipate macroeconomic data this week by following the events below.

Economic indicators in America to watch this week

Crypto investors should pay attention to the following economic indicators from America, as they may cause price fluctuations in Bitcoin.

Key economic indicators of America to pay attention to this week | Source: MarketWatchThese macro data are particularly important as the labor market is gradually becoming the next macro data for Bitcoin.

JOLTS

The report on the number of job openings in America (JOLTS) will kick off a series of economic indicators this week with potential impacts on the crypto market. The full title of the report is the Job Openings and Labor Turnover Survey published by the U.S. Bureau of Labor Statistics (BLS).

The JOLTS report for May, expected to be released on Tuesday, is anticipated to show a slight decrease from the 7.4 million job openings recorded in April. According to economists surveyed by MarketWatch, the data on job openings, hiring, and quits in America could reach 7.3 million. Although this represents a decrease, the number is still higher than the multi-month low of 7.192 million in March.

Although it only decreased slightly, the JOLTS report is still considered the most notable highlight in the series of economic data from America this week.

The decrease in the number of job vacancies may be a sign that the labor market is gradually cooling down, thereby prompting the Federal Reserve America (Fed) to consider easing monetary policy. This scenario could weaken the US dollar and increase the appeal of Bitcoin as an alternative asset.

Conversely, if the number of job vacancies remains stable or increases, this could reinforce expectations that the Fed will continue to maintain a tight monetary policy, thereby reducing the appeal of Bitcoin.

ADP Employment Report

Another highlight in this week's economic indicators for America is the ADP employment report for June 2025, which is expected to be released on Thursday, July 2. In May, the private sector in America only added 37,000 jobs — the lowest increase since March 2023.

However, the report from BLS ( is more comprehensive and is considered the official measure), which recorded an increase of 140,000 jobs in the private sector in May 2025.

Currently, economists forecast that the median increase in the ADP report for June will be 120,000 jobs. If the actual figure is lower than expected, this could be a sign that the economy is slowing down, thereby prompting the Fed to consider easing monetary policy.

This change could weaken the USD, thereby increasing the appeal of Bitcoin as a hedge against currency devaluation.

Conversely, if the ADP employment report exceeds expectations, this could reinforce the Fed's ability to continue tightening monetary policy — a factor that could diminish the appeal of Bitcoin in the short term.

Number of first-time unemployment benefit applications

In the week ending June 21, the number of initial unemployment claims in America reached 236,000, down from 245,000 the previous week and higher than the forecast of 229,000.

With this data, the number of Americans filing for unemployment benefits for the first time was lower than the average forecast of experts at 248,000.

This week, investors will continue to monitor the latest unemployment claims data — applicable for the week ending June 28 — as part of a series of important economic indicators from America.

The median forecast for this week is 240,000 orders. If the actual number rises, it could be a signal that the economy is weakening, thereby increasing the likelihood that the Fed will shift to a more accommodative monetary policy stance.

Such a change could weaken the US dollar, increasing the appeal of Bitcoin as an alternative asset. However, if the surge in subsidy applications is only seen as a temporary fluctuation, the impact on Bitcoin may not be significant.

Meanwhile, analysts argue that the labor market remains strong, combined with stubborn inflation, which could keep interest rates high. However, if there are clear signs that the job market is cooling down, that will force the Fed to adjust its policy path.

Non-Agricultural Payroll

The employment report in America, also known as the Non-Farm Payroll (NFP) for June 2025, is expected to be released on July 3rd. In May, the American economy added 139,000 jobs, down from the 177,000 jobs recorded in April.

Meanwhile, the unemployment rate remained stable at 4.2% for both April and May. Notably, the NFP data will be released on Thursday instead of Friday as usual, because this Friday is a public holiday in America.

According to data from MarketWatch, economists forecast that the unemployment rate in America will rise slightly to 4.3%, while the number of new jobs may decrease to 115,000. This decline somewhat reflects the potential economic impacts of President Donald Trump's tariff policies.

If job growth remains strong, the Fed may maintain its current monetary policy stance or even consider tightening further, which would strengthen the US dollar and put downward pressure on Bitcoin.

However, analysts note that the NFP has recorded a positive trend for three consecutive months, and even with data adjustments, they are still not strong enough to significantly impact the market or create notable changes in the labor market.

Non-agricultural payroll of America | Source: Capital FlowsHowever, if underlying economic concerns force the Fed to adopt a more dovish stance, Bitcoin could benefit as investors seek alternative stores of value.

Analysts say that the job situation in America is facing many difficulties, as businesses are still waiting for clearer trade policy from the White House, while continuously adapting to changes in schedules and deadlines for tariffs.

Bitcoin price movement | Source: TradingviewAs of the time of writing, Bitcoin is trading at $107,555, down slightly 0.07% in the past 24 hours.

Minh Anh