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Analysis: Bitcoin Shows No Clear Direction Before Non-Farm Payrolls Release, Crypto Market Relatively Calm
Summary: According to reports, the US non-farm payrolls report is set to be released, with the Federal Reserve closely monitoring the data. FactSet predicts that the US economy may have added 55,000 jobs in December, with the unemployment rate expected to drop from 4.6% to 4.5%. Weak economic data could reinforce expectations of further interest rate ...
According to reports, the US non-farm payrolls report is set to be released, with the Federal Reserve closely monitoring the data. FactSet predicts that the US economy may have added 55,000 jobs in December, with the unemployment rate expected to drop from 4.6% to 4.5%. Weak economic data could reinforce expectations of further interest rate cuts, potentially weakening the US dollar and boosting prices of risk assets including Bitcoin. Bitcoin showed no clear directional bias before the non-farm payrolls release, with a 0.2% increase in the past 24 hours. The crypto market remained relatively calm, with the exception of SOL rising by 2.8% in the past 24 hours, while ETH and BNB did not experience significant fluctuations. (CoinDesk)
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Link: Analysis: Bitcoin Shows No Clear Direction Before Non-Farm Payrolls Release, Crypto Market Relatively Calm [Copy]
