$BTC Nonfarm payrolls (hawkish)
Nonfarm payrolls: +165,000｜forecast: +65,000, previous: +29,000 (revised up to 60,000 in September)
Unemployment rate: 4.1%｜forecast: 4.2%
Markets are raising the odds that the Fed will keep interest rates high, or even hike rates in December. U.S. Treasury yields could easily move higher.
Bearish for BTC: It is already weak, and with ETFs seeing continued outflows, this data could add further pressure.
Nonfarm payrolls: +165,000｜forecast: +65,000, previous: +29,000 (revised up to 60,000 in September)
Unemployment rate: 4.1%｜forecast: 4.2%
Markets are raising the odds that the Fed will keep interest rates high, or even hike rates in December. U.S. Treasury yields could easily move higher.
Bearish for BTC: It is already weak, and with ETFs seeing continued outflows, this data could add further pressure.