The encryption markets rose to its lowest levels in 2025, as US President Donald Trump escalated his commercial war during the weekend with great definitions in Canada, Mexico and China.
Last week, Federal Reserve Chairman Jerome Powell said that policy makers do not need “to be in a hurry” to reduce prices while maintaining them by 4.25 % to 4.5 %.
He also said it would be useful if there was a “larger organizational device” about Crypto while advice to banks was not to do Crypto.
This week, the issuance of the main labor market data, which can settle morale after selling the huge two.
Economic events from 3 to 7 February
The Monday will witness the release of the ISM Manufacturing PM (ISM PMI) report for January, which shows the conditions of work in the American manufacturing sector. This data is a major indication of the evaluation of the state of the economy.
On Tuesday, the Jolts Jobs opening report, followed by non -agricultural recruitment data on Wednesday. Meanwhile, the Jobs report on Friday presents the number of new jobs that were created during the previous month and the percentage of people who are actively seeking to obtain work last month.
The PMI report is scheduled to return in January on Wednesday, as it provides a look at the working conditions in the service sector, which contributes more than 70 % of the US GDP.
The main events this week:
1. OPEC first meeting of 2025 – Monday
2. ISM manufacture of PMI data – Mon
3. Job opening data – Tuesday
4. Non -agricultural recruitment data ADP – Wednesday
5. Jobs Report in January – Friday
6.
This week is …
Kobeissileter’s message February 2, 2025
There are also some large revenue reports due this week, as they have reached 20 % of the S&P 500 companies on profits, including Alphabet (Google), PayPal, AMD, Amazon and Microstrategy.
The encryption markets are bleeding
The total market value of encryption has led to a capacity of 12 % over the past 24 hours, with more than $ 450 billion in the area. The huge sale and the largest discharge since mid -December sent the markets to the November medium level.
Bitcoin fell to 91,500 dollars during the Asian trading session on Monday morning, its lowest level for three weeks. However, Altcoins has been completely obliterated, with the entire twenty -numbers losses while accelerating sales.
ETHEREUM has eliminated three months of gains, as it decreased to election levels before the United States, less than $ 2,500, while XRP decreased by 27 % to $ 2 in hours.
Meanwhile, Dogecoin, Cardano, ChainLink, Stellar, Avalanche, Sui, Toncoin, and many others bleed with more than 20 % a day.
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