🚨 Today there’s a number that crypto traders are waiting for
It’s the US NFP.
The September jobs report will be released today. The forecast is around 90,000 new jobs, which is significantly lower than last month’s 162,000. The unemployment rate is expected to remain at 4.1%.
Why does crypto care?
Because NFP can shift expectations about the Fed’s interest-rate path. And just when rate expectations change, the USD, bond yields, and risk assets like crypto can all move.
$BTC is currently around 86,000 USD, so I’m pretty curious how the market will react after the data is released 👀
Today probably isn’t a day to just look at crypto charts.
The new NFP is the focus.
#NFP
#JobsReport #Fed #Bitcoin #Crypto
It’s the US NFP.
The September jobs report will be released today. The forecast is around 90,000 new jobs, which is significantly lower than last month’s 162,000. The unemployment rate is expected to remain at 4.1%.
Why does crypto care?
Because NFP can shift expectations about the Fed’s interest-rate path. And just when rate expectations change, the USD, bond yields, and risk assets like crypto can all move.
$BTC is currently around 86,000 USD, so I’m pretty curious how the market will react after the data is released 👀
Today probably isn’t a day to just look at crypto charts.
The new NFP is the focus.
#NFP
#JobsReport #Fed #Bitcoin #Crypto
