All eyes are on the U.S. December non-farm payrolls data set to release this Friday. Analysts forecast 153K new jobs, signaling a potential slowdown from November’s numbers. This report comes at a pivotal time, as the Federal Reserve weighs its next policy moves amidst evolving labor market trends.
A lower-than-expected jobs number could fuel speculation of a dovish Fed, potentially boosting risk assets like Bitcoin, which thrives on lower interest rates. Conversely, if the labor market remains resilient, the Fed may maintain its hawkish stance, pressuring crypto prices.
As Bitcoin hovers near key support levels, the upcoming data could be a major catalyst for market movement, setting the tone for 2025’s early crypto trends.
