Bitcoin Volatility Expected as Key US Economic Data Looms

The crypto market is bracing for a volatile week ahead of several key U.S. economic data releases. Traders are eagerly awaiting fresh clues on the Federal Reserve's next rate move, which will have a significant impact on risk assets.

U.S. 10-year Treasury yields remain elevated at around 5.15%, putting pressure on the market. Bitcoin's price has reached $83,000, and its movement could be influenced by upcoming jobs and inflation data.

This week starts with Donald Trump's planned Oval Office address on September 28. The speech is expected to focus on keeping the U.S. ahead in AI, but details are scarce. Analysts see Trump's plans to expand data centers and ease infrastructure for AI as a key point of interest.

On September 29, the August JOLTS job openings report will be released, which could provide valuable insights into the labor market. A weaker reading may indicate a cooling job market, potentially pushing Treasury yields and the dollar lower, supporting risk assets like Bitcoin.