In August, Bitcoin faced a downturn of 6.47%, closing at 107,500 USD after hitting a peak of 124,545.60 USD. As September begins, experts note that macroeconomic factors could significantly impact Bitcoin’s trajectory.
Key indicators on the horizon include initial jobless claims expected at 230,000, alongside U.S. Productivity growth projected at 2.4% for Q2 2025. These numbers will be crucial in assessing the economic climate and its potential effects on Bitcoin.
Analysts indicate that a weak jobs report could paradoxically benefit Bitcoin by bolstering expectations around rate cuts from the Fed. Nevertheless, traditional bearish trends in September may overshadow these potential benefits.
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