#USJobsData
*US Jobs Data Sparks Volatility in Crypto Market*
The US labor market data for November has stirred the crypto market. Nonfarm payrolls rose by 64,000, higher than the expectation of 50,000, while the unemployment rate increased to 4.6%, higher than the expectation of 4.5%. ¹
These data have sent mixed signals to the market, with a rise in Bitcoin price to $88,000 following the release of the data. However, the crypto market remains volatile, with a decline in Bitcoin price after the initial surge. ²
*Impact on Crypto Market*
- The rise in the unemployment rate and nonfarm payrolls has reinforced expectations for a more aggressive monetary easing by the Fed.
- A weaker than expected NFP report could strengthen the perception that the US economy is clearly slowing down, increasing expectations for more aggressive monetary easing.
- The crypto market is sensitive to changes in the macroeconomic environment and can be influenced by labor market data.
*Crypto Industry and Employment*
- The crypto industry employs about 1.6 million professionals in 2025.
- The sector added 66,494 new jobs in 2025, an increase of 47% compared to 2024.
- The demand for blockchain developers has risen by 250% since 2023. ³
What are your next questions about the impact of the US Jobs Data on the crypto market?
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