Bitcoin Price: Powell Just Spoke and the Jobs Report Drops April 3 — Here’s What Could Finally Move BTC
The Bitcoin price has been stuck between $65,000 and $75,000 since early February, and two upcoming events could finally force a move in either direction. The March Jobs Report on April 3 is expected to be a key factor in determining the Bitcoin price, as it could influence rate cut expectations and subsequently impact the cryptocurrency market.
The Bitcoin price has been range-bound between $65,000 and $75,000. Two events could change this: Powell's speech at Harvard and the March Jobs Report on April 3. Powell said the Fed faces high uncertainty and monetary tools can't fix oil-driven inflation. The March Jobs Report could be the event that moves the Bitcoin price. If the report shows a weak job market, rate cut expectations could shift and Bitcoin could rise. The report's release on Good Friday means crypto will be the only major market reacting in real time.
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