The US economic calendar may be shortened by the Labor Day holiday, but this week is packed with labor market updates that could move both traditional markets and crypto. With Bitcoin sliding under $107,500 and Ethereum struggling to hold $4,400, the stakes couldn’t be higher. The total crypto market cap dropped 2% to $3.8 trillion, dragging altcoins like XRP, Solana, Dogecoin, Cardano, Chainlink, and Sui deeper into the red, dimming hopes for a near-term altseason rally.
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U.S. Economic Key Events Could Decide Bitcoin’s Next Big Move
The US economic calendar may be shortened by the Labor Day holiday, but this week is packed with labor market updates that could move both traditional markets and crypto. With Bitcoin sliding under $107,500 and Ethereum struggling to hold $4,400, the stakes couldn’t be higher. The total crypto market cap dropped 2% to $3.8 trillion, dragging altcoins like XRP, Solana, Dogecoin, Cardano, Chainlink, and Sui deeper into the red, dimming hopes for a near-term altseason rally.