This week, the crypto market may be affected by several important U.S. economic events. President Donald Trump's executive action to commission a crypto strategic reserve has led to a change in sentiment. Market players and investors are closely watching economic data releases. The S&P Global Manufacturing Purchasing Managers Index (PMI) will be released on March 3, which will reveal the state of the US manufacturing sector. A reading above 50 signals growth and could reduce Bitcoin's appeal as a hedge, while a reading below 50 shows contraction and may boost demand for digital assets. On March 4, the US plans to impose tariffs on goods from Mexico and Canada, which could influence risk assets including Bitcoin. The ADP National Employment Report on March 5 will highlight private-sector job growth in the US. Weaker data may bolster expectations of Federal Reserve rate cuts and lift Bitcoin's value. The Non-Manufacturing PMI on March 5 provides insights into the performance of the service sector, and any slump could encourage investors to turn towards Bitcoin. The weekly Initial Jobless Claims data on March 6 will give a snapshot of the nation's labor market. Higher claims could prompt more people to see Bitcoin as a safe haven. The White House Crypto Summit on March 7 might influence market sentiment and US crypto policy.



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