The Non-Farm Payroll (NFP) report shows how many new jobs were added in the US economy (excluding farm jobs).
Why NFP Matters for Crypto:
📈 Strong job growth = strong US economy
💵 Strong economy = stronger US dollar
🚫 Strong dollar = pressure on Bitcoin $BTC & Altcoins $ALT
If the NFP number comes higher than expected, markets often expect:
Higher interest rates
Reduced liquidity
Short-term bearish sentiment for crypto
If the NFP number is lower than expected:
Rate cuts become more likely
Bitcoin $BTC and crypto usually react positively
That’s why traders closely watch NFP days for high volatility.
#USNonFarmPayrollReport #USJobsData #CPIWatch #CryptoMarket #bitcoin
