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US Macroeconomic Indicators This Week: NFP, JOLTS, & More

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Crypto markets have much to look forward to this week, which marks the end of the first quarter (Q1). As Q2 commences on Tuesday, several US economic data will drive Bitcoin (BTC) and crypto sentiment this week.

Traders and investors will watch a slate of US economic data releases that could ripple through Bitcoin and altcoin prices.

5 US Economic Data To Watch This Week

These US macroeconomic indicators could drive volatility amid fresh insights into the health of the world’s largest economy.

US economic data with crypto implications this week
US economic data with crypto implications this week. Source: MarketWatch

“Buckle up—volatility’s knocking. Right on time for the monthly shake-up,” a user on X quipped.

JOLTS

The first is the Job Openings and Labor Turnover Survey, or JOLTS, due for release on Tuesday, April 1. This report tracks available job vacancies in the US, effectively offering a window into employer confidence and labor market demand.

A strong showing, with openings exceeding recent trends of around 7.7 million, would suggest a strong economy. While this would strengthen the US dollar, it would dampen Bitcoin’s appeal as a hedge against weakness.

Conversely, a sharp drop in openings might stoke expectations of Federal Reserve rate cuts to bolster the economy. This outcome would lift risk assets like Bitcoin and crypto as investors seek alternatives to low-yield bonds.

ADP Employment

Adding to the list of US macroeconomic indicators this week is the ADP Employment report on Wednesday, April 2. This report will provide a private-sector payroll snapshot, serving as a preview of Friday’s main event.

There is a median forecast of 120,000 for March, following the previous month’s 77,000 reading. If job growth tops the consensus forecast, it could reinforce confidence in traditional markets, possibly pressuring crypto prices as the dollar gains ground.

On the other hand, a weaker-than-expected figure, say below 77,000, might hint at a slowdown. This would boost Bitcoin’s allure as a safe haven amid uncertainty. While not as authoritative as the official numbers, surprises here often set the tone for crypto traders adjusting their positions.

Liberation Day

Meanwhile, the stakes are high this week, with the US economy enduring uncertainties like Trump-era policies, including tariffs and government streamlining efforts. BeInCrypto reported on the upcoming Liberation Day, which is expected to bring new tariff announcements targeting nations imposing trade barriers.

“The last two months have already hurt American businesses and consumers, but the April 2 deadline seriously could make all of that look like a tempest in a teapot. We don’t know exactly what they’re going to do, but from what they’re saying, it sounds functionally like new tariffs on all US imports,” said Joseph Politano, economic policy analyst at Apricitas Economics.

Analysts predict extreme market volatility, with potential stock and crypto crashes reaching 10-15% if Trump enforces broad tariffs.

“April 2nd is similar to election night. It is the biggest event of the year by an order of magnitude. 10x more important than any FOMC, which is a lot. And anything can happen, “Alex Krüger predicted.

Initial Jobless Claims

On Thursday, April 3, crypto markets will watch the Initial Jobless Claims report, which shows the number of US citizens filing for unemployment insurance. Released weekly, this is a near-real-time pulse on layoffs and labor market stability.

Fewer claims, under the previous week’s 224,000 reading, could suggest resilience, supporting the dollar but tempering crypto enthusiasm. However, potentially exceeding the median forecast of 226,000 might raise red flags about economic health.

Such an outcome would drive demand for decentralized assets to hedge against potential turmoil. Given its weekly cadence, this report tends to spark quick reactions in the crypto market, especially when amplified by broader narratives like government efficiency cuts or tariff impacts in 2025.

US Employment Report

The week’s crescendo arrives Friday, April 4, with the US Employment Report, widely known as Non-Farm Payrolls. This comprehensive labor market update—including jobs added, the unemployment rate, and wage growth—is a linchpin for markets worldwide.

A strong report, higher than the previous reading of 151,000 jobs and a steady 4.1% unemployment rate, could bolster faith in the economy. This could curb crypto gains if the dollar rallies.

However, strong wage growth exceeding 0.3% month-over-month (MoM) might rekindle inflation fears, indirectly supporting Bitcoin as a store of value.

Conversely, a disappointing tally—under the median forecast of 140,000 jobs with unemployment ticking beyond 4.1%—could ignite recession worries. This would send investors flocking to Bitcoin and crypto.

Significant deviations from consensus forecasts, often by 50,000 jobs or more, have historically triggered sharp Bitcoin moves of 1-2% or greater.

“BofA [Bank of America] Securities expects a pickup in job growth for March. Keep an eye on those numbers,” crypto researcher Orlando noted.

For crypto market participants, the game plan is clear: track consensus estimates on economic calendars, watch real-time reactions, and brace for swings. Nevertheless, this week’s data could dictate Bitcoin’s next move in Q2 2025, particularly in April.

Fed Chair Jerome Powell will also address the economic outlook at the SABEW Annual Conference on Friday at 11:25 a.m. EST.

Bitcoin (BTC) Price Performance
Bitcoin (BTC) Price Performance. Source: BeInCrypto

BeInCrypto data shows BTC was trading for $82,192 as of this writing, down by over 1% in the last 24 hours.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Public Companies are Buying Bitcoin Again After a Brief Pause

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Bitcoin is rebounding after tariff chaos, and public companies like Metaplanet are conducting major acquisitions. The firm bought $28.2 million worth of the asset, nearly a $2 million increase from last week.

However, despite this new confidence, Metaplanet’s stock has continued to perform shakily. The crypto market is showing cautious optimism, but that won’t immediately translate into major gains.

Although a few corporate Bitcoin whales briefly paused their big purchases recently, the markets are heating back up again. Metaplanet began buying the dip last week, and Bitcoin has been making steady progress since then.
Today, its CEO, Simon Gerovich, announced a new purchase as BTC rebounds:

“Metaplanet has acquired 330 BTC for ~$28.2 million at ~$85,605 per bitcoin and has achieved BTC Yield of 119.3% YTD 2025. As of 4/21/2025, we hold 4855 $BTC acquired for ~$414.5 million at ~$85,386 per bitcoin,” he claimed.

Trump’s tariff threats caused massive uncertainty and crypto liquidations in the last few weeks. However, since he announced a pause, crypto and industry-related stocks have been rallying.

Whales like Metaplanet and MicroStrategy immediately began buying Bitcoin, and the whole market is rising. The Crypto Fear and Greed Index was recently in Extreme Fear but has since recovered greatly:

Crypto Fear and Greed Index
Crypto Fear and Greed Index. Source: Alternative

Still, markets are showing cautious optimism, not a full rally. A quick look at some major crypto-related stocks will paint a clearer picture.

MicroStrategy rose over 4% in the last five days and nearly 6% in the last month, but it’s a pillar of confidence in BTC. Metaplanet, a much smaller Bitcoin holder, only fell 1.89% in the last five days but over 20% in the last 30.

In other words, it can be difficult to cleanly connect Bitcoin’s recent successes with major holders like Metaplanet. Compare two prominent US-based crypto miners, Marathon and Riot.

The former recovered from its slump in early April, while the latter only continued to drop. Coinbase, too, has only made brief rallies on a trend of continual decline.

While Bitcoin’s adoption has surged dramatically over the past year, there’s still a lot of uncertainty about tariffs and recession. Metaplanet may be in shaky territory right now, but its confidence in Bitcoin can provide a long-term sense of stability.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Dollar Dips While Bitcoin Hits New Heights

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The US Dollar Index (DXY) has dropped to a three-year low amid reports that President Donald Trump is considering removing Federal Reserve Chairman Jerome Powell. 

Meanwhile, the development positively affected Bitcoin’s (BTC) price, pushing it to its highest level since President Trump’s Liberation Day.

Trump’s Push Against Powell Adds Pressure on the Dollar

According to the latest data, DXY has plunged below 99. At press time, it stood at 98.2, representing the lowest value since March 2022

DXY Performance
DXY Performance. Source: TradingView

Economist Peter Schiff highlighted the severity of the situation in the latest post on X (formerly Twitter).

“Gold is up over $50, hitting a record high of $3,380. The euro is above $1.15. The dollar has also fallen below 141 Japanese yen and .81 Swiss francs (a new 14-year low, just 3% above a record low). The dollar Index is below 98.5, a new three-year low. This is getting serious,” Schiff posted.

The dollar’s steep fall comes amid the latest comments made by National Economic Council Director Kevin Hassett on Friday, April 18. Hassett revealed that Trump and his team are actively exploring the possibility of ousting Powell.

His statement was in response to a reporter’s question about whether removing Powell was an option.

“The president and his team will continue to study that matter,” Hassett replied.

In addition, he called out the Federal Reserve for politically motivated actions under Powell’s leadership. Specifically, Hassett criticized the Fed for raising interest rates shortly after Trump’s election and cutting them ahead of the election, moves he claims favored the Democratic Party. 

Notably, the growing contempt towards Powell is a response to the Fed’s stance on interest rates. BeInCrypto reported earlier that the Fed will likely not cut rates in May amid rising inflation and President Trump’s tariff pause.

Recently, Trump also blamed the Fed Chair for being slow to act on interest rate cuts. In a post on social media, Trump compared Powell’s actions unfavorably to the European Central Bank (ECB), which is set to implement its seventh interest rate cut. 

Trump argued that Powell, whom he described as “always too late and wrong,” should have taken similar measures long ago to address economic conditions.

“Powell’s termination cannot come fast enough!” the President wrote.

The Fed Chair’s potential removal raises serious questions about the Federal Reserve’s independence and its implications for global markets. Powell, whose term as chair extends to May 2026, has previously stated that legal protections prevent his removal and that he intends to serve out his term.

Will Dollar Weakness Drive Bitcoin to New Heights?

Nonetheless, it’s worth noting that if Powell is removed and President Trump successfully persuades the Federal Reserve to cut interest rates, it could likely lead to a crypto market rally. Generally, when the Fed lowers interest rates, the US dollar tends to weaken.

Therefore, investors prefer cryptocurrencies, especially Bitcoin, which is often seen as a hedge against inflation and the weakening of fiat currencies. The inverse relation between the DXY and BTC further solidifies the case for a rally if the dollar depreciates.

In fact, the latest decline in the dollar index has coincided with a notable increase in Bitcoin’s price. The largest cryptocurrency surged to over $87,000 for the first time since April 2.

“USD weakness is driving the rally in crypto,” Sean McNulty, Derivatives Trading Lead at FalconX, told Bloomberg.

Bitcoin Price Performance
Bitcoin Price Performance. Source: TradingView

At the time of writing, BTC was trading at $87,586. BeInCrypto data showed that this represented an appreciation of 3.5% over the past day. As markets celebrate these gains, the focus remains on Trump’s next moves and their broader economic consequences.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Solana, Bitcoin in Texas, and Initia

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Several top crypto news stories are in the lineup this week in crypto, spanning various ecosystems with the potential to drive volatility.

This week, traders looking to capitalize on event-specific volatility should monitor the following developments.

This week, the Solana Community Conference, or Breakpoint, is among the top crypto news stories. It kicks off on April 25 and is Solana’s flagship gathering of developers, investors, and innovators.

Historically, Solana Breakpoint is a stage for major announcements, such as new project launches, partnerships, or technological advancements. In recent years, key announcements in similar gatherings have included the Solana Seeker phone or the Firedancer validator client.

According to Solscan data, Solana’s ecosystem boasts nearly 4 million active wallets. Meanwhile, DefiLlama data shows up to $7.37 billion in total value locked (TVL). With these numbers, the Solana community conference could drive positive sentiment for SOL, which was trading at $141.05 at press time.

Solana (SOL) Price Performance
Solana (SOL) Price Performance. Source: BeInCrypto

Traders should brace for potential price volatility, as positive news could spark short-term spikes.  In the same way, any underwhelming news or network concerns, like past outages, might temper enthusiasm.

Texas Bitcoin Reserve Hearing

Another top crypto news story this week concerns a strategic crypto reserve. On April 23, Texas will hold a strategic Bitcoin reserve hearing, marking a significant event given the state’s pro-crypto stance.

The bill, introduced four months ago, passed the committee with a 9-0 vote and received senate approval with 80% support. Similarly, Dan Patrick, Lieutenant Governor for the State of Texas, listed Bitcoin Reserve as a top priority for 2025.

“My statement announcing the first round of top 40 priority Bills for the 2025 legislative session,” he shared on X (Twitter) in January.

Against these backdrops, the Wednesday hearing could clarify Texas’s approach to institutional Bitcoin adoption. This could set a precedent for other states or federal policy.

A favorable outcome might bolster Bitcoin’s legitimacy, driving demand from institutional investors and positively influencing the BTC price.

Bitcoin (BTC) Price Performance
Bitcoin (BTC) Price Performance. Source: BeInCrypto

Initia’s Mainnet and INIT Token Launch

Also in the headlines, this week in crypto, Initia’s mainnet launch and its token, INIT, debut on Thursday, April 24. This comes after the network revealed a 50 million token airdrop three weeks ago.

The Thursday event will mark a key milestone for the layer-1 blockchain, which is focused on interoperability and user experience. The launch could attract attention from decentralized finance (DeFi) and cross-chain enthusiasts, as Initia aims to simplify dApp interactions.

For traders, INIT’s initial price action will be critical, as new token launches often experience high volatility due to speculative trading.

“Initia INIT Binance Spot Listing Date Announced! Listing on: 24th April 2025. Mainnet will also officially launch on the same day. Airdrop claim date and exact time are yet to be announced,” the network stated recently.

Investors should evaluate Initia’s partnerships and developer adoption, as its success hinges on ecosystem growth.

Injective’s Lyora Mainnet Upgrade

Injective’s Lyora mainnet upgrade, scheduled for Tuesday, April 22, aims to enhance network performance and transaction speed. It would strengthen its position as a DeFi-focused layer-1 chain.

“The Injective Lyora Mainnet is nearly here! Vote today to dramatically enhance Injective infrastructure, performance, and transaction speeds. The official launch is on April 22,” Injective said.

This upgrade could improve user experience and attract developers to Injective’s ecosystem, particularly for derivatives and trading platforms.

Traders should watch INJ’s price for short-term momentum, as successful upgrades often drive positive sentiment.

Injective (INJ) Price Performance
Injective (INJ) Price Performance. Source: BeInCrypto

At the same time, investors should consider Injective’s growing TVL (total value locked) and partnerships, like its collaboration with Sonic for AI agent platforms, as indicators of long-term potential.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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