Do Nonfarm Payrolls Always Shake Up the Crypto Market? Understanding the Relationship Between Jobs Data and Crypto
Do Nonfarm Payrolls Always Shake Up the Crypto Market? Understanding the Relationship Between Jobs Data and Crypto
Hey everyone, the crypto market gets especially lively on every Nonfarm Payrolls night. Many people know that when the jobs data comes out, BTC is prone to sudden wicks and futures positions can get liquidated in a cascade. But they can’t explain why a U.S. employment report can shake up the entire crypto market from across the ocean.
This time in particular, Nonfarm Payrolls came in far above market expectations. People had been eagerly anticipating the Fed cutting rates and a liquidity-driven rally, but those hopes were quickly dashed. Today, let’s set aside the technical jargon and explain the whole chain of events: what Nonfarm Payrolls are, how they affect Fed policy, how capital flows into crypto, and how everyday market participants can respond to Nonfarm Payrolls volatility.