#NFPCryptoImpact

Today is the big day! At 10 am ET, we will see the catalyst for Bitcoin.

All eyes are on December’s US nonfarm payrolls data, which will be released this Friday.

Analysts are predicting 153,000 new jobs, indicating a possible slowdown from November’s numbers. This report comes at a crucial time, as the Federal Reserve weighs its next policy moves in light of evolving labor market trends.

A lower-than-expected jobs number could fuel speculation of a more dovish Fed, which could boost risk assets like Bitcoin, which thrive on lower interest rates. On the other hand, if the labor market remains resilient, the Fed could maintain its hawkish stance, putting pressure on cryptocurrency prices.

As Bitcoin approaches key support levels, upcoming data could be a catalyst, potentially sending the cryptocurrency into a further decline or recovery.