Yeliz Akmaca 
At 8:30 ET today, Unemployment Claims data will be released. Following the close of U.S. stock markets, Coinbase’s earnings report will be announced.
Crypto markets are easily influenced by macroeconomic events. Today, Coinbase’s earnings report and U.S. Unemployment Claims data will be released. How might these two events impact Bitcoin and altcoin prices?
Coinbase Earnings Report: How Is the Crypto Exchange Performing?
Coinbase is one of the largest crypto exchanges in the U.S. Its earnings report reveals the company’s revenue and trading volume. According to Reuters, Coinbase shares dropped by 7.7% in April 2025. This reflects the volatility in the crypto market. Investors will focus on revenue from transaction fees in the report. Additionally, the impact of Trump’s trade policies on the market is a point of curiosity. A strong Coinbase report could push crypto prices upward. However, weak results may increase selling pressure. As a result, volatility is expected during the announcement.
Unemployment Claims: An Indicator of Economic Health
U.S. Unemployment Claims provide insight into economic health. According to posts on the X platform, the expectation is 232K, with the previous figure at 241K. If claims come in lower than expected, it signals a strong labor market. Analysts note that positive labor market data has historically supported Bitcoin prices. Conversely, higher-than-expected claims could create economic uncertainty, potentially leading to downward pressure on the crypto market. Investors will interpret this data in the context of the Fed’s interest rate policies.
What Does This Mean for the Crypto Market?
Both data points could directly impact the crypto market. A strong Coinbase performance may boost confidence. Similarly, low unemployment claims could increase demand for riskier assets. However, unexpected negative outcomes could trigger a sell-off.
The crypto market carries high risk; please conduct your own research before investing.
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