#NFPCryptoImpact NFP is an important economic indicator released monthly by the US Department of Labor. It measures the number of new jobs (excluding agriculture, government, households, and nonprofits) and represents the health of the economy.

NFP has a major impact on financial markets, including cryptocurrencies, as it impacts the USD and investor sentiment. When NFP is positive (employment increases), the USD usually strengthens, putting downward pressure on risk assets like cryptocurrencies. Conversely, weak NFP can weaken the USD, creating conditions for cryptocurrencies to increase in price.

Cryptocurrency investors should monitor NFP to predict market volatility, especially with Bitcoin and major altcoins, which are sensitive to global economic changes.