The cryptocurrency and stock markets are bracing for a significant day of economic data releases on Friday, as highlighted by the macro calendar shared by Evan via StockMKTNewz on Twitter, posted on June 1, 2025. This calendar outlines key events that could influence both traditional and digital asset markets, with major focus on the US Non-Farm Payrolls (NFP) report, unemployment rate data, and average hourly earnings, all scheduled for release at 8:30 AM ET on Friday. These indicators are critical as they provide insight into the health of the US economy, often triggering volatility in stock indices like the S&P 500 and Nasdaq, which have a well-documented correlation with Bitcoin (BTC) and other major cryptocurrencies. For instance, a stronger-than-expected NFP report could bolster risk appetite, pushing investors toward equities and potentially crypto assets. Conversely, disappointing data could heighten risk aversion, leading to sell-offs across both markets. As of the latest market close on June 1, 2025, Bitcoin was trading at approximately 68,400 USD on Binance, reflecting a 1.2 percent increase over the past 24 hours, while Ethereum (ETH) stood at 3,750 USD, up 0.8 percent, according to data from CoinMarketCap. This slight bullish momentum could be tested by Friday’s economic releases, making it a pivotal moment for traders to monitor cross-market dynamics. With trading volumes on BTC/USDT pairs reaching 18.5 billion USD in the last 24 hours as of 10:00 AM ET on June 1, 2025, per Binance live data, the market is showing heightened activity ahead of these events, signaling potential for sharp price swings.

From a trading perspective, the upcoming economic data could create substantial opportunities and risks for crypto investors, particularly given the historical correlation between stock market movements and digital assets. If the NFP data, due at 8:30 AM ET on Friday, indicates robust job growth, we could see a rally in stock indices, which often lifts Bitcoin and Ethereum as institutional investors allocate capital to riskier assets. For example, during the last NFP release on May 3, 2024, Bitcoin surged 3.5 percent within hours of a positive report, reaching 62,000 USD by 2:00 PM ET, as reported by CoinDesk. Conversely, weaker data could pressure crypto prices, especially if stock indices like the Dow Jones Industrial Average drop, as seen in previous risk-off scenarios. Traders should also watch altcoins like Solana (SOL), trading at 165 USD with a 24-hour volume of 2.1 billion USD as of 10:00 AM ET on June 1, 2025, on Binance, as they often exhibit amplified volatility during macro events. Additionally, crypto-related stocks such as Coinbase (COIN) and MicroStrategy (MSTR) could see direct impacts, with COIN trading at 225 USD, up 1.5 percent as of the market close on June 1, 2025, per Yahoo Finance. Institutional money flow between stocks and crypto remains a key factor, with recent reports from Bloomberg indicating a growing trend of hedge funds balancing exposure across both asset classes during macro uncertainty. This interplay suggests traders should prepare for rapid shifts post-data release.

Delving into technical indicators and market correlations, Bitcoin’s Relative Strength Index (RSI) on the daily chart stands at 55 as of 10:00 AM ET on June 1, 2025, per TradingView, indicating neither overbought nor oversold conditions but a potential for breakout or breakdown depending on Friday’s data. The 50-day moving average for BTC sits at 67,800 USD, acting as immediate support, while resistance looms at 69,000 USD. Ethereum mirrors this indecisiveness with an RSI of 53 and key support at 3,700 USD. On-chain metrics from Glassnode show Bitcoin’s active addresses increased by 8 percent week-over-week as of June 1, 2025, reflecting growing network activity ahead of the macro events. Stock-crypto correlations remain strong, with Bitcoin exhibiting a 0.7 correlation coefficient with the S&P 500 over the past 30 days, according to data from Macroaxis as of June 1, 2025. Trading volumes for ETH/USDT pairs also spiked to 9.8 billion USD in the last 24 hours as of 10:00 AM ET on June 1, 2025, per Binance, underscoring market anticipation. For crypto-related ETFs like the ProShares Bitcoin Strategy ETF (BITO), trading volume rose 12 percent to 5.2 million shares on June 1, 2025, per Yahoo Finance, suggesting institutional interest is ramping up. Sentiment analysis from social media platforms like Twitter shows a 60 percent bullish outlook for BTC as of June 1, 2025, based on LunarCrush metrics, though this could shift rapidly post-NFP. Traders are advised to set tight stop-losses around key levels and monitor stock index futures like S&P 500 E-mini contracts, which often lead crypto price action during US economic data releases.

In summary, the macro calendar for Friday presents a critical juncture for both stock and crypto markets. The interplay between economic indicators and market sentiment could drive significant price action, with institutional flows likely to dictate the direction of crypto assets like Bitcoin and Ethereum, as well as crypto-related stocks. Staying attuned to real-time data and cross-market correlations will be essential for navigating this high-impact trading day.