#NFPCryptoImpact

The U.S. December non-farm payrolls (NFP) report, set for release today, is expected to show 153,000 new jobs, a slowdown from November’s 227,000. The unemployment rate is likely to remain at 4.2%. This report offers key insights into the U.S. labor market and could impact Federal Reserve policy.

Bitcoin (BTC) has been volatile, surging past $100,000 earlier this week before pulling back to around $94,215. This fluctuation ties to strong economic data, rising Treasury yields, and reduced expectations for Fed rate cuts.

Historically, Bitcoin’s price reacts to NFP data. A study found when payrolls exceed expectations, BTC rises by 0.74% on average. When the data falls short, BTC drops by the same percentage.

If today’s report shows fewer jobs than expected, a cooling labor market may prompt Fed rate cuts, boosting Bitcoin’s appeal as a risk asset. However, strong job numbers could reduce chances of cuts, pressuring BTC prices downward.

In conclusion, the NFP report may shape Bitcoin's short-term moves. A weaker report could push prices up, while strong data might lead to declines. Investors should watch the data and Fed signals closely.