#NFPWatch (Non-Farm Payrolls Watch) has become a highly significant event for financial markets, and its impact is increasingly extending to the volatile universe of cryptocurrencies. Every first Friday of the month, the release of non-farm payroll data in the United States generates considerable anticipation, as it directly influences the Federal Reserve's monetary policy decisions. A figure higher than expected usually strengthens the dollar and, consequently, can exert downward pressure on risk assets like Bitcoin and other altcoins by reducing investors' appetite for more volatile assets.
On the other hand, a weak NFP could be interpreted as a sign of economic slowdown, which often leads investors to seek refuge in safer assets or to anticipate interest rate cuts, which could, under certain circumstances, benefit #Crypto by making money flow into alternative investments. Volatility is a constant, and cryptocurrency traders are increasingly attentive to these macroeconomic indicators to anticipate movements and adjust their strategies. It is a reminder of how the traditional financial world and the digital one are becoming increasingly interconnected.