Every first Friday of the month, the U.S. Non-Farm Payroll (NFP) report attracts the attention of global markets, including crypto. This indicator reveals the health of employment, being crucial for Federal Reserve decisions.
A strong NFP suggests a robust economy, potentially leading the Fed to maintain high rates. This often generates volatility in Bitcoin and altcoins. Weak data, on the contrary, could indicate a possible relief in rates, positively impacting risk assets.
Get ready for action. With each #NFPWatch, caution and analysis are your best allies. Stay informed and manage your risk. How do you think the NFP will impact this time? Leave us your comment here in the community!
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