#NFPCryptoImpact The Nonfarm Payroll Report (NFP) measures the change in the number of people employed in the previous month, excluding sectors such as agriculture. It is an important indicator that affects the global market and, indirectly, the cryptocurrency market.

For example, drops in employment can impact companies that produce non-essential consumer goods, putting pressure on the stock market. Commodities such as gold and oil usually stand out in negative scenarios, as they are seen as safe havens.

In the case of Bitcoin, it often appreciates when the US dollar weakens, something that can happen after bad economic data. Like gold, BTC is seen as a store of value, attracting investors looking for alternatives in times of economic uncertainty.

In addition, the NFP can influence global risk appetite, affecting not only Bitcoin, but also assets such as Ethereum. Understanding this relationship is essential for us, cryptocurrency hunters, who seek opportunities even amid volatility.

Stay tuned: the NFP, although traditional, is a valuable thermometer for the crypto market!