CRYPTO MECHANIC
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US non farm payroll (NFP) data is due today
Why is nfp data important for crypto? Because its key economic tool to decide how strong the economy is and to decide the interest rates. As you know there is an ongoing debate on rate cuts
A strong NFP report could delay those cuts, which might cool off the crypto markets. While a weak report could keep the bullish momentum continue.
Expect some high volatility during newyork session.
Why is nfp data important for crypto? Because its key economic tool to decide how strong the economy is and to decide the interest rates. As you know there is an ongoing debate on rate cuts
A strong NFP report could delay those cuts, which might cool off the crypto markets. While a weak report could keep the bullish momentum continue.
Expect some high volatility during newyork session.
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