March Jobs Report Expected to Impact Bitcoin Prices Significantly

As the U.S. nonfarm payrolls (NFP) report for March approaches, bitcoin (BTC) investors face a pivotal moment influenced by economic developments.

President Trump's announcement of tariffs on 180 nations has led markets to factor in recession risks and potential Federal Reserve rate cuts.
Regardless of whether the NFP report shows labor market strength or weakness, BTC bulls are likely to benefit.
Stronger-than-expected jobs data may lead to temporary dips in BTC, but recent tariff developments could mitigate negative impacts.
Weak jobs data would heighten recession fears and support bets on Fed rate cuts, encouraging risk-taking.
Current BTC price is $84,190, with a notable low of below $82,000 earlier; it remains above March's low of $77,000, indicating seller fatigue.
Volmex's bitcoin one-day implied volatility index suggests an expected price swing of 3.4% in the next 24 hours.
The median estimate for March nonfarm payroll employment is 130,000, down from February's 151,000, with jobless rate forecast at 4.2%.
Traders expect 100 basis points of Fed rate cuts this year, with the first anticipated in June.