#NFPCryptoImpact If the U.S. December Non-Farm Payrolls (NFP) data misses expectations, particularly if job growth is much weaker than the expected 153K, here’s how it could ripple through the crypto market:
1. A Missed Expectation (Weak NFP Data):
Fed's Reaction: A significant miss could signal to the market that the labor market is weakening, which may reduce inflationary pressures. This could lead the Fed to adopt a more dovish stance, potentially slowing or pausing rate hikes.
Impact on the U.S. Dollar: A weaker jobs report could weaken the U.S. dollar, as expectations for higher rates diminish. This often leads investors to seek alternative assets like Bitcoin