The most important economic event of the next 24 hours is the publication of the Non-Farm Payrolls (NFP) report from the U.S.
This Friday (December 5th), the market will be hyper-sensitive to the employment figure. A strong NFP could indicate that the U.S. economy remains solid, reducing expectations of Fed cuts. This would put downward pressure on Bitcoin and other cryptocurrencies (risk assets).
Conversely, a weak NFP would increase pressure on the Fed to ease its policy, acting as a bullish catalyst for the crypto market.
