At 21:30 Beijing time on Friday, investors will welcome the U.S. non-farm payroll report for February. If the non-farm employment data released on Friday shows a significant negative surprise, of 100,000 or lower, it could put heavy pressure on the dollar and open the door for a bullish trend in the cryptocurrency market before the weekend. On the other hand, if the non-farm employment data reaches or exceeds 180,000, the dollar may remain resilient against its competitors.
At 01:30 Beijing time on Saturday, Federal Reserve Chairman Jerome Powell will speak before the lunch session of the 2025 U.S. Monetary Policy Forum at the University of Chicago Booth School of Business. Powell indicated during the February congressional hearing that the Fed does not need to rush to adjust interest rates, further suggesting that officials will remain patient on the issue of rate cuts. If the U.S. non-farm employment data for February falls short of expectations, the dollar, which has recently been under pressure, may further decline, thereby stimulating an increase in cryptocurrency prices.
