Labor pain, crypto gain — How weak JOLTS data sets path for Bitcoin price to rally
Macroeconomic conditions significantly influence cryptocurrency prices, particularly Bitcoin (BTC) and altcoins. A recent US Labor Department JOLTS report indicated job openings in March fell to 7.2 million, below expectations, while consumer confidence declined for the fifth consecutive month, reaching its lowest since January 2021. These worsening conditions may prompt central banks to introduce economic stimulus, creating uncertainty in cryptocurrency markets. Historical data shows that declines in job openings and consumer confidence often precede Bitcoin rallies, with past instances leading to significant price increases after delays of 105 to 130 days. If job openings and consumer confidence improve by April 2025, Bitcoin could potentially rise to $140,000 by October 2025, contingent on positive macroeconomic data.
