According to A Key Market catalyst NFP of US (Non-Farm Payroll) Report A stronger-than-expected labor market can support the dollar and create short-term pressure on risk assets like Bitcoin and altcoins.
Recent US Non-Farm Payroll (NFP) data showed a significant attention after releasing, and putting macroeconomics at the center of market attention.
This report has a crucial role in making following rankings
Federal Reserve policy expectations
US dollar strength
Risk sentiment across financial markets, including crypto
According to report, weaker data may high up expectations of rate cuts, mostly benefiting crypto markets.
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Some question arise in mind that, Are you seeing any impact of this NFP report on the crypto market?
Will it be Bullish or bearish? Share your view 👇
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