$BTC Tonight's Major Events in the Cryptocurrency Sector, BTC Trends

The cryptocurrency market is highly volatile, and significant events often sway prices. Tonight, a series of major events will impact the price of Bitcoin (BTC), and the market atmosphere is tense.

Economic Data Set to Ignite

At 21:30, U.S. leading economic indicators (expected 4%) and non-farm payroll numbers (expected 160,000) will be released. Non-farm data profoundly affects financial markets, and the cryptocurrency sector is also impacted. If the data exceeds expectations, the appeal of the U.S. dollar may rise, potentially putting pressure on BTC prices; if the data falls short of expectations, Bitcoin, as an emerging safe-haven asset, may see a price increase.

Federal Reserve Officials Speak in Succession

Starting at 23:15, Federal Reserve officials will be speaking consecutively. At 23:15, Bowman will lead off, followed by Williams at 23:45, and the most crucial remarks will come from Federal Reserve Chair Powell at 01:30 the next day. Statements from Federal Reserve officials hint at the direction of monetary policy; hawkish signals suggest potential interest rate hikes or policy tightening, increasing the cost of holding assets and prompting investors to sell BTC, resulting in price declines; dovish remarks suggest interest rate cuts or maintaining a loose policy, which could support BTC prices.

White House Crypto Summit and Trump's Speech in the Spotlight

Another focus tonight is the White House Crypto Summit. Currently, cryptocurrency is under intense scrutiny, and government attitudes and policies influence market confidence and expectations. At 04:00 the next day, Trump will speak at the summit, and his remarks will be a significant variable for BTC's short-term trends. If he sends friendly signals, BTC prices may gain upward momentum; if his remarks are negative, BTC prices will come under pressure.