{"id":376804,"date":"2025-02-28T21:30:46","date_gmt":"2025-02-28T16:00:46","guid":{"rendered":"https:\/\/dripp.zone\/news\/crypto-market-awaits-feds-nonfarm-payrolls-after-1t-wipeout-crypto-news\/"},"modified":"2025-02-28T21:32:46","modified_gmt":"2025-02-28T16:02:46","slug":"crypto-market-awaits-feds-nonfarm-payrolls-after-1t-wipeout-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/crypto-market-awaits-feds-nonfarm-payrolls-after-1t-wipeout-crypto-news\/","title":{"rendered":"Crypto Market Awaits Fed’s Nonfarm Payrolls After $1T Wipeout – Crypto News"},"content":{"rendered":"

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Bitcoin, Ethereum, and Ripple prices have crashed this week as Donald Trump\u2019s tariff threat complicated the Federal Reserve\u2019s approach to rate cuts. This crash has led the crypto market to shed over $1 trillion in value from its peak in 2024. This article looks provides the forecasts for BTC, ETH, and XRP as focus shifts to the upcoming Fed\u2019s nonfarm payrolls data.\u00a0<\/span><\/p>\n

Crypto Market Implodes as Treasury Yields Fall Ahead of Nonfarm Payrolls data<\/strong><\/h2>\n

The crypto market has suffered a painful meltdown, with most coins crashing by over 50% from their highest levels this year. This decline is mostly because of <\/span>Donald Trump\u2019s tariffs<\/span><\/a> that will trigger a trade war among the biggest trading partners.<\/span><\/p>\n

The trade war will also lead to a stagflation, a period characterized by weak economic growth and high inflation. As a result, analysts and the bond market estimate that the Fed will opt to cut interest rates to stimulate growth. This explains why Treasury Yields have retreated, with the 10-year moving to 4.24% and the 30-year falling to 4.5%.<\/span><\/p>\n

The US will publish the closely-watched personal consumption expenditure (PCE) data on Friday and the nonfarm payroll (NFP) next week. Economists polled by Reuters expect the data to show that the NFPs fell to 133k in February from 143k in January. The unemployment rate will likely remain at 4.0%.<\/span><\/p>\n

The crypto market crash has coincided with that of the US stock market and crypto ETF outflows. The Dow Jones index fell by 200 points on Thursday, while the S&P 500 and Nasdaq 100 slipped by 95 and 530 points, respectively. Spot BTC and ETH ETFs have suffered large outflows in the past few weeks.<\/span><\/p>\n

BTC Price Analysis<\/strong><\/h3>\n

The ongoing macro issues have led to a strong BTC crash and ETF outflows<\/a>. These ETFs have had outflows in the last eight straight days, bringing the net inflow to $36.85 billion from $40 billion earlier this year. That is a sign that investors are fearful as the <\/span>crypto fear and greed index sinks<\/span><\/a>.<\/b><\/p>\n