Bitcoin Price Analysis Ahead of US NFP Data, Inflation Report, White House Crypto Summit
The post Bitcoin Price Analysis Ahead of US NFP Data, Inflation Report, White House Crypto Summit appeared on BitcoinEthereumNews.com.
Bitcoin price slipped again today, February 10, continuing a downward trend that started in October when it peaked at a record high of $126,300. Its price action will be in the spotlight in the coming days as traders focus on the upcoming White House crypto summit, US non-farm payrolls (NFP) data, and consumer inflation numbers. Bitcoin Price to React to US NFP, Inflation, and White House Crypto Summit The value of BTC will be in the spotlight as the US releases key macro data in the next few days and the White House Crypto Summit happens. Top officials from large American banks like Wells Fargo and JPMorgan will have a meeting with senior White House officials later on Tuesday. Other attendees will be representatives from the crypto industry, including officials from companies like Coinbase and Ripple Labs. The meeting aims to address the main outstanding issue on the stalled CLARITY Act. Precisely, its goal is to reach a compromise on stablecoin rewards that many banks and credit unions have rejected. Crypto companies, especially Coinbase, argue that allowing exchanges to offer staking rewards will be a good thing for customers, as it will allow them to earn a return. Banks argue that such a move will lead to capital outflows from the banking sector. The White House, on the other hand, is keen on passing a major crypto legislation because of its commitment to the industry. It has already achieved a major milestone after the passing of the GENIUS Act. The other major catalyst for the Bitcoin price will be the upcoming US non-farm payrolls (NFP) data on Wednesday and the latest consumer inflation report. Economists expect the upcoming report to show that the economy added 70k jobs in January, while the headline and core inflation continued falling during the month.…
Filed under: News - @ February 10, 2026 5:28 pm