$BTC

Nonfarm Payroll Crypto Impact: How US Employment Statistics Are Driving the Crypto Market

If you thought cryptocurrencies lived in their own world, where they were not bothered by macroeconomic indicators, think again. Nonfarm Payrolls (NFP), which show changes in the number of jobs in the US, throw a party on the crypto market from time to time. Well, it's time to talk about how these reports have become the main conductors of crypto chaos.

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NFP and crypto: what do they have to do with each other?

At first glance, it seems that employment statistics should only affect stocks, bonds or the dollar exchange rate. But no. Bitcoin, as the true "king of chaos", reacts to these reports with such speed that sometimes it seems that its traders work for the same Fed as analysts.#NFPCryptoImpact