May 2, 2025 – Cointelegraph in Spanish
The leading cryptocurrency in the market, Bitcoin (BTC), faces a crucial week with the impending release of important macroeconomic data in the United States that could drastically alter its course. Following a solid rebound of 10.37% over the past 7 days—driven by institutional purchases, spot ETFs, and strategic announcements—the price of BTC stabilizes around $95,000. However, the calm may not last long.
May 3: the key data that everyone is watching
Tomorrow, Friday, the official employment report in the U.S. will be released, and analysts anticipate a strong market reaction, as this indicator will reflect how the trade war led by Washington is affecting the labor market. A weak report could trigger massive profit-taking in the crypto market.
Other data that moved the board this week:
April 30: Release of the core PCE index, a vital data point for measuring inflation.
May 1: ISM manufacturing PMI, which has already shown signs of deterioration.
April 29: JOLTS job openings data, indicating fragility in employment.
The combination of these reports could trigger both a price consolidation and a new bullish... or bearish wave.
What do traders say?
Recent behavior suggests that institutional investors are still active, as evidenced by the million-dollar purchase of BTC by Strategy on April 28 (USD 1.42 billion). However, a reduction in spot buying volumes could slow the momentum and lead to a consolidation phase between $93,000 and $95,500.
Conclusion: caution in the air
With a climate of global uncertainty, especially regarding inflation and U.S. employment, traders are opting for a more conservative stance. Tomorrow's publication could be the catalyst for a breakout in Bitcoin's price, for better or for worse.
Warning: This article does not constitute an investment recommendation. All operations with crypto assets entail risks.
