According to The Kobeissi Letter, President Trump publicly criticized Federal Reserve Chair Jerome Powell as 'unbelievable' and insisted that the Fed 'must now lower rates' following the release of ADP Employment data showing the weakest job growth in over two years. Despite this political pressure, Powell reiterated he is in 'no hurry' to cut rates. This standoff between fiscal and monetary policy could heighten volatility in cryptocurrency markets as traders often respond to shifts in rate expectations and economic uncertainty, especially when traditional markets show signs of weakness (Source: @KobeissiLetter, June 4, 2025).

According to The Kobeissi Letter, as cited by ZeroHedge, the ADP Employment Report showed the US economy added just 62,000 jobs in April 2025, marking the lowest figure since July 2024. This weaker-than-expected jobs number caused US Treasury yields to sell off immediately, reflecting trader anticipation of slower economic growth and potential shifts in monetary policy. For crypto traders, softer employment data can signal increased risk aversion and a possible shift in capital flows, potentially affecting digital asset valuations and market volatility (source: The Kobeissi Letter via ZeroHedge, April 30, 2025).

According to Miles Deutscher, several key macroeconomic events next week could impact cryptocurrency markets. On Monday, Manufacturing PMIs will be released, which could influence market sentiment. Tuesday sees a tariff deadline for Mexico and Canada that could affect cross-border trade dynamics. Wednesday's ADP employment report and Non-manufacturing PMIs may offer insights into economic health, potentially affecting investor confidence. Thursday's US jobless claims provide a snapshot of labor market conditions, while Friday's Employment Situation report could significantly influence market volatility. Traders should monitor these events closely for potential impacts on cryptocurrency valuations.