📊 Key Takeaways
NFP reports can cause significant volatility in crypto markets.
Strong NFP reports tend to lead to declines in crypto prices.
Weak NFP reports can lead to surges in crypto prices.
Understanding NFP: Non-Farm Payrolls (NFP) is a key economic indicator that represents the number of jobs added or lost in the US economy, excluding farm-related jobs. It's released monthly by the Bureau of Labor Statistics. 📈
🚨 Recent Impact: In the past days, the crypto market has seen significant volatility due to the NFP report. Bitcoin (BTC) and Ethereum (ETH) prices dropped by 2-3% following the release of the report, which showed a stronger-than-expected jobs growth. 📊
📈 Historical Context: Historically, a strong NFP report has led to a decline in crypto prices, as investors flock to traditional assets like stocks and bonds. However, a weak report can lead to a surge in crypto prices, as investors seek safe-haven assets. 📊