Bitcoin’s February momentum hinges on next week’s labor market data
Bitcoin’s price remains sensitive to macroeconomic conditions, with analysts eyeing the upcoming US labor report as a key driver for February’s momentum.
Bitcoin’s momentum hinges on a critical labor market report from the United States, which may influence crypto investor sentiment leading into March.
The US Bureau of Labor Statistics is set to publish its US labor market report on Feb. 7. The results may significantly impact Bitcoin’s (BTC) price momentum leading into February, according to Ryan Lee, chief analyst at Bitget Research.
The labor market data will be a “critical factor” for Bitcoin’s momentum, the analyst told Cointelegraph:
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Author: Zoltan Vardai
