The crypto market is in a wait-and-see mode: Will today's news kick off the altcoin season in Q4?

The crypto market is entering a decisive moment, with three major events converging: a major announcement from President Trump, the release of US unemployment data, and a technical golden cross on the altcoin/Bitcoin chart. Each factor alone can influence the market, but together, they may set the tone for the remainder of 2025.

Trump's Announcement: Market Sentiment on Edge

President Trump is scheduled to make a major statement today at 4:00 PM Eastern Time. His remarks often trigger ripple effects in both traditional and crypto markets. If the announcement carries a pro-growth or even crypto-supportive tone, it could add bullish momentum to the market. On the other hand, if it raises concerns about tariffs, regulation, or geopolitical tensions, it could inject volatility into an already fragile market.

US Unemployment Data: The Fed's Next Move

Less than two hours later, US unemployment data will be released—a key indicator for Federal Reserve policy.

Higher unemployment rates could prompt the Fed to cut rates, increase liquidity, and potentially boost Bitcoin and altcoins.

Lower unemployment rates could reinforce hawkish policy, keep liquidity tight, and put pressure on risk assets.

For crypto traders, today's employment data is as important as any speech—it directly impacts capital flows into digital assets.

Altcoin/BTC Golden Cross: Technical Fuel for Altcoin Season

Earlier today, the altcoin/BTC chart saw a golden cross, where the short-term moving average crossed above the long-term average. In 2017, this same technical setup preceded a 10x rally in altcoins. While history never repeats exactly, this signal clearly indicates that altcoins are technically primed for a breakout—if macro conditions align.

How These Factors Interconnect

Trump + Employment Data (Macro): They determine the backdrop for liquidity. A positive surprise here could spark new risk appetite.

Golden Cross (Technical): This suggests that once liquidity flows in, altcoins are ready to outperform.
Macro news provides the fuel, while the golden cross is the spark.

Outlook: Is Altcoin Season Finally Coming in Q4?

The next few hours could lay the foundation for the next crypto trend:

Bullish scenario: Weak employment data → Fed pivot expectations → Trump’s announcement adds momentum → Bitcoin rises → Altcoin season erupts.

Bearish scenario: Strong employment data → Fed remains hawkish → Trump triggers uncertainty → Bitcoin pulls back → Despite the golden cross, altcoin season stalls.

Q4 2025 could be remembered as the start of a historic altcoin season—or yet another false start. Traders should keep a close eye on the charts and headlines today.

$BTC, $ETH, $SOL, $XRP, $DOGE