Bitcoin has dropped 12% since April 2 as tariffs continue to rattle markets, with stocks also suffering major losses and investors now looking to inflation and labor data for stability.
April 10 CPI and jobless claims will provide the latest snapshot of economic conditions before the impact of tariffs is reflected, offering clues on whether risk assets can find support.
If inflation eases and jobless claims stay steady, markets could stabilize, but any upside surprise in price pressures or labor weakness could trigger another wave of selling in crypto and stocks.
With Bitcoin already down 12% since April 2, traders are watching for signs of stabilization. If inflation continues to ease and jobless claims don’t spike further, risk assets could find a much-needed relief from volatility later in the week.