Crypto Daybook Americas: All Eyes on Jobs, Fed as Bitcoin Prepares for Breakout Rally

By Francisco Rodrigues (All times ET unless indicated otherwise)Markets seem bullish ahead of the jobs report due later Friday, with bitcoin (BTC) rising toward $97,000 after stocks rose for an eighth straight day on Thursday. That gave the S&P 500 its longest rally since August as investors grew more confident that trade tensions between Washington and Beijing are cooling.Still, the CoinDesk 20 (CD20) index is little changed over the last 24 hours with the drop in first-quarter GDP pointing to economic strain from the trade war. While traders are now betting the Federal Reserve could cut interest-rates four times this year — one more than they'd priced in before the reciprocal tariffs were announced — personal consumption expenditures (PCE), the Fed's preferred measure of inflation came in above forecasts, which limits the central bank's room for easing, said James Butterfill, the head of research at CoinShares source: https://www.coindesk.com/daybook-us/2025/05/02/crypto-daybook-americas-all-eyes-on-jobs-fed-as-bitcoin-prepares-for-breakout-rally