The latest Non-Farm Payroll (NFP) report has created ripples in the cryptocurrency market, particularly for Bitcoin (BTC). Strong job numbers typically boost the U.S. dollar, which can lead to downward pressure on BTC prices as risk appetite diminishes. However, today’s report also hinted at slowing wage growth, which could ease inflation concerns. This mixed message leaves BTC traders watching key levels like $28,500 for potential rebounds. As institutional investors assess the broader economic picture, BTC could remain volatile in the short term. Stay alert to how market sentiment shifts, as NFP data continues to influence crypto markets.
