#NFPWatch
#NFPWatch: Will U.S. Jobs Data Shake the Crypto Market?
As traders brace for the latest U.S. Non-Farm Payroll (NFP) data release, the crypto market remains in a cautious state. This monthly jobs report is a major economic indicator that can influence Federal Reserve policy—particularly interest rate decisions.
A strong jobs report may lead to rate hike fears, putting pressure on risk assets like Bitcoin and Ethereum. On the other hand, weaker employment data could support a dovish Fed stance, potentially giving crypto a bullish boost.
So far today:
Bitcoin is stable near $62,800
Ethereum is holding around $3,400
Volume is low, as traders wait for clarity
The market's next move may depend on how today's NFP figures land. Stay sharp — volatility often follows right after the release.