No Result
View All Result
Global Finances Daily
  • Alternative Investments
  • Crypto
  • Financial Markets
  • Investments
  • Lifestyle
  • Protection
  • Retirement
  • Savings
  • Work & Careers
No Result
View All Result
  • Alternative Investments
  • Crypto
  • Financial Markets
  • Investments
  • Lifestyle
  • Protection
  • Retirement
  • Savings
  • Work & Careers
  • Login
Global Finances Daily
No Result
View All Result
Home Crypto

Bitcoin Dominance Hits 4-Year High on U.S. Jobs Shift

May 3, 2025
in Crypto
0
Bitcoin Dominance Retests 4-Year High as US Job Data Shifts Sentiment


Key Notes

  • Bitcoin dominance has jumped to 64.89%, marking a four-year high.
  • Stronger-than-expected US job data has delayed hopes for rate cuts, with key implications for BTC.
  • Market focus has shifted to Bitcoin amid sustained institutional inflows.

Current market data shows that Bitcoin dominance in the digital asset market has reached its highest level in four years. This increase comes as the latest U.S. job data has given investors reason to reassess their economic expectations, affecting Bitcoin’s breakout potential.

US Job Data Exceeds Expectations

According to recent reports, the U.S. Labor Department stated that nonfarm payrolls rose by 177,000 in April. Although this figure was lower than March’s 228,000 increase, it still beat market expectations of just 133,000. The unemployment rate remained steady at 4.2%, in line with predictions.


The stronger-than-expected job data has raised concerns that the Federal Reserve might delay and reconsider any potential rate cuts. The update indicates that many investors had hoped weaker employment figures would lead the Fed to lower interest rates. Lower rates generally support riskier investments, such as Bitcoin, as liquidity flows into the market.

However, this new data suggests that the job market remains strong enough that rate cuts may not be necessary anytime soon. This could shift market sentiment away from riskier assets.

The implications for Bitcoin are complex. With the potential for higher interest rates and a stronger U.S. dollar, investors are discouraged from investing in riskier assets like Bitcoin.

The digital asset market is waiting for the Federal Reserve’s next move to understand how it will respond to these new economic conditions.

Bitcoin Continues to Dominate as Market Focus Shifts

In addition to the job data update, Bitcoin has seen its dominance in the general cryptocurrency market continue to rise. As of May 2, 2025, Bitcoin’s market dominance reached 64.89%, the highest since January 2021.

Based on general perception, this shows a growing preference for Bitcoin as a safer option amidst economic uncertainty. CoinMarketCap data shows that Bitcoin price was trading at $97,026.39, up marginally by $97,469.2 in 24 hours.

It is essential to add that the increase in Bitcoin dominance is largely due to institutional inflows. Firms like Metaplanet have significantly increased their Bitcoin holdings in the past few months.

The Japanese firm raised $25 million through bond sales. The company plans to use the money to increase its Bitcoin holdings and aims for 100,000 BTC by 2025.

Bitcoin has also seen increased interest as some investors move away from traditional assets like US treasuries. This shift has helped strengthen its position in the market at the expense of altcoins.

For context, investment firm Prime Two has dropped Ethereum after six years and shifted its focus entirely to Bitcoin. The firm announced it will focus exclusively on Bitcoin (BTC) amid an increase in bullish sentiment and institutional inflows into the world’s largest digital currency.

Some market watchers believe that Bitcoin’s fixed supply and track record make it a safer choice for those looking for long-term value. With global markets still facing challenges, Bitcoin’s steady performance has kept it on the radar for many investors.

next

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

Bitcoin News, Cryptocurrency News, News


Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.

Godfrey Benjamin on X



Editorial Team

Editorial Team

Related Posts

Elon Musk says xAI is building Baby Grok to offer kid-friendly content
Crypto

Elon Musk says xAI is building Baby Grok to offer kid-friendly content

July 20, 2025
Bullish Exchange Files to Go Public in the United States
Crypto

Bullish Exchange Files to Go Public in the United States

July 19, 2025
Bitcoin
Crypto

Bitcoin Price Crash Imminent? BTC Could Fall Back To This 4H FVG

July 19, 2025
Hackers Continue Attempts to Exploit Forked Signal App: Report
Crypto

Hackers Continue Attempts to Exploit Forked Signal App: Report

July 18, 2025
AIXBT price surges past key resistance, eyes $0.25 target
Crypto

AIXBT price surges past key resistance, eyes $0.25 target

July 18, 2025
SEC Chair Paul Atkins praises House for passing GENIUS, Clarity, and Anti-CBDC Acts
Crypto

SEC Chair Paul Atkins praises House for passing GENIUS, Clarity, and Anti-CBDC Acts

July 17, 2025
Load More
Next Post
Varengold cuts profit guidance

Flow Capital annual losses widen

Popular News

  • Josh Garber

    How to Contact Hilton Customer Service

    0 shares
    Share 0 Tweet 0
  • 5 Things to Know About the Qatar Airways Credit Card

    0 shares
    Share 0 Tweet 0
  • 5 Things to Know About the Exxon Mobil Credit Card

    0 shares
    Share 0 Tweet 0
  • Clueless Fans, You Can Now Book a Cher Horowitz–Themed Suite in Beverly Hills

    0 shares
    Share 0 Tweet 0
  • Basketball-'Pay them': As WNBA All-Star party wraps up, athlete pay comes into focus

    0 shares
    Share 0 Tweet 0

Latest News

Elon Musk says xAI is building Baby Grok to offer kid-friendly content

Elon Musk says xAI is building Baby Grok to offer kid-friendly content

July 20, 2025
0

Key Takeaways xAI is developing Baby Grok, an app focused on providing kid-friendly AI content. Grok4, powered by xAI's Colossus...

SBA Loan Automatic Disqualifications - NerdWallet

SBA Loan Automatic Disqualifications – NerdWallet

July 20, 2025
0

It’s well-known that while SBA loans offer low interest rates and long repayment terms, they require a time-consuming and paperwork-heavy...

Basketball-'Pay them': As WNBA All-Star party wraps up, athlete pay comes into focus

Basketball-'Pay them': As WNBA All-Star party wraps up, athlete pay comes into focus

July 20, 2025
0

Basketball-'Pay them': As WNBA All-Star party wraps up, athlete pay comes into focus

Condé Nast Traveler

Clueless Fans, You Can Now Book a Cher Horowitz–Themed Suite in Beverly Hills

July 20, 2025
0

It’s been 30 years since Cher Horowitz’s colorful life and even more colorful fashion sense debuted in the film Clueless....

Global Finances Daily

Welcome to Global Finances Daily, your go-to source for all things finance. Our mission is to provide our readers with valuable information and insights to help them achieve their financial goals and secure their financial future.

Subscribe

  • About Us
  • Contact
  • Privacy Policy
  • Terms of Use
  • Editorial Process

© 2025 All Rights Reserved - Global Finances Daily.

No Result
View All Result
  • Alternative Investments
  • Crypto
  • Financial Markets
  • Investments
  • Lifestyle
  • Protection
  • Retirement
  • Savings
  • Work & Careers

© 2025 All Rights Reserved - Global Finances Daily.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.