#NFPCryptoImpact All eyes are on the December U.S. nonfarm payrolls report due out this Friday. Analysts are forecasting 153,000 new jobs, signaling a potential slowdown from November’s numbers. The report comes at a crucial time as the Federal Reserve weighs its next policy steps amid shifting labor market trends.

A lower-than-expected jobs report could fuel speculation of a dovish Fed, potentially boosting risk assets like bitcoin, which thrive on lower interest rates. Conversely, if the labor market remains resilient, the Fed could maintain its hawkish stance, weighing on cryptocurrency prices.

With bitcoin hovering around key support levels, the upcoming data could be a major catalyst for market movement, setting the tone for early 2025 cryptocurrency trends