U.S. Economic Key Events Could Decide Bitcoin’s Next Big Move

The US economic calendar may be shortened by the Labor Day holiday, but this week is packed with labor market updates that could move both traditional markets and crypto. With Bitcoin sliding under $107,500 and Ethereum struggling to hold $4,400, the stakes couldn’t be higher. The total crypto market cap dropped 2% to $3.8 trillion, dragging altcoins like XRP, Solana, Dogecoin, Cardano, Chainlink, and Sui deeper into the red, dimming hopes for a near-term altseason rally.

JOLTS Job Openings: Liquidity on the Line

The week kicks off with Wednesday’s JOLTS job openings report. Economists expect July’s data to hold steady at 7.4 million. If the labor market remains firm, the Fed may feel less pressure to cut rates, which could strengthen the US dollar but squeeze liquidity, usually a bearish setup for Bitcoin and other risk assets.

Thursday’s ADP private payrolls data will be closely watched. After July surprised with 104,000 new jobs, August is...

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