#NFPCryptoImpact

The Non-Farm Payroll report basically tells us the change in the number of people employed during the previous month, excluding the farming industry and workers in a handful of other classifications.

This generally means that getting a higher than expected number shows strong growth in employment and indicates that global investors are most likely to spend their cash, in turn strengthening the U.S. dollar. This is positive/bullish for the dollar . Inversely, a lower than expected number shows a weaker economy and this should be taken as negative/bearish for the dollar.

Crypto currencies are also considered a commodity/safe haven and although traders do not usually trade like the forex traders, the does have an eventual impact on the value of Bitcoin! Historically, when the U.S. dollar weakens, Bitcoin generally gains, thus leading to the report ultimately being important to Bitcoin investors.