#USNonFarmPayrollReport
📊 US NON-FARM PAYROLLS SHAKE CRYPTO MARKETS! 🇺🇸
December NFP crushed expectations with 256K jobs added vs 155K forecast (CNBC) . Unemployment fell to 4.1% (CNBC) 📉
What This Means for Crypto:
Strong jobs data = Fed likely delaying rate cuts = Dollar strength = Short-term crypto pressure
BTC Response: Bitcoin initially dipped but showing resilience around key support levels. Strong employment often leads to longer periods of tight monetary policy, which historically impacts risk assets.
Trader's Take: Watch for volatility in the coming sessions. Strong economic data can pressure crypto short-term, but long-term fundamentals remain solid.
📈 Stay informed, trade smart!
