#NFPCryptoImpact US Nonfarm Payrolls Tonight: Warning of Volatility for Crypto Market
Tonight, the US Nonfarm Payrolls (NFP) report will be released, providing an important indicator to assess the health of the world's largest economy. This data not only has a strong impact on traditional markets such as stocks and gold, but can also cause major fluctuations in the cryptocurrency market.
Why is Nonfarm important?
The Nonfarm report measures the number of new jobs created last month in the US, excluding the agricultural sector. This is one of the key factors for the US Federal Reserve (Fed) to decide on monetary policy, especially regarding raising or lowering interest rates.