The dynamics of the flagship crypto asset continues to demonstrate a stable correlation with macroeconomic data coming from the USA. On February 7, the Bureau of Labor Statistics of the United States will publish a report on the labor market. According to analysts at Bitget Research, this indicator will have a significant impact on the price of Bitcoin.

A strong labor market is often perceived as a negative factor. The fact is that in such conditions, the likelihood of a decrease in the Fed's key rate decreases, which puts pressure on the main digital coin. Conversely, a weakening labor market encourages the Federal Reserve to act more actively in the context of easing monetary policy.

Experts emphasize that a positive factor for Bitcoin will be maintaining unemployment at 4.1-4.2%. This will increase the chances that the Fed will be ready to lower the key rate. However, if we believe the FedWatch Tool metric, there is a high probability that the American regulator will once again ease monetary policy only in June of this year.

An important catalyst for growth may also be the actions of Donald Trump's administration regarding digital assets. A significant step was the departure of Gary Gensler from the position of head of the U.S. Securities and Exchange Commission. He was succeeded by Mark Uyeda. This official has repeatedly expressed support for the digital asset segment.

Market participants still maintain optimism regarding the fact that the current U.S. president will actively implement positive political changes towards cryptocurrencies. There is also a possibility that Donald Trump will continue to actively promote the initiative to create a strategic financial reserve in Bitcoins. Undoubtedly, the issuance of the corresponding decree could become a strong catalyst for growth.