According to Edward Dowd, all historical US employment data points during the Trump administration have been revised lower, with April 2025 figures adjusted down by 30,000 and March by 65,000, signifying weaker job growth than previously reported (source: Edward Dowd, Twitter, June 6, 2025). This downward revision may signal less robust economic momentum, influencing risk-on asset classes, including cryptocurrencies, as traders reassess macroeconomic conditions and potential Federal Reserve policy responses. Such revisions often heighten volatility in Bitcoin and Ethereum prices as market participants weigh shifting US economic signals.