#BTC
《Non-farm data reveals economic gloom, crypto market ushers in a good opportunity for risk aversion! 》
📊 Analysis of the impact of the release of non-farm data on the cryptocurrency market:
1. The unemployment rate rose to 4.3%, the highest since October 2021, and the uncertainty of the economic outlook increased, which may drive the demand for cryptocurrency risk aversion.
2. The increase in non-farm employment slowed to 114,000, and the market was concerned about the strength of economic recovery. The cryptocurrency market may be under selling pressure in the short term.
3. The decline in government employment reflects the reduction in public spending, and investors may turn to cryptocurrencies to hedge risks. The average hourly wage annual rate was lower than expected, and inflationary pressure weakened but purchasing power declined, which may prompt investors to pay attention to crypto assets.
