#NFPCryptoImpact
US December Non Farm Payrolls data is drop in today. This news market expects a 153 k new jobs but a slow down from November's 227k jobs. with the FED'S policy and labour market shifts, everyone is watching closely for this news because this news can shake the whole crypto space.
Why this news affects crypto market?????
The crypto market is a highly sensitive to macroeconomic trends, especially FED'S interest rate policies.
Why NFP matters crypto market????
1. Stronger than expected job data -:
If the report beat expectations the FED will continue with tight monetary policies. This is typically bad for crypto currency market.
2. Weaker than expected job data -:
If the job report misses the expected, it signal a slowing economy leading FED to ease it's policies. This will boost $BTC and ETH as investors look for alternative fiat currencies.
3. In line with expected job data -:
If the job report in lined with expected we can see muted reactions, crypto tend to follow broader sentiment . So keep eye on DXY and equity markets for cues.
FOR TRADERS.
$BTC / ETH holders: watch for volatility with the report. If you are long use stop-loss or buy the dip If downside pressure occur.
ALTCOIN holders: High beta altcoins see exaggerated moves. Trade continously of wait for confirmation.
STABLE coin : Keep part of your wallet for stable coins. It is wise against unexpected volatility of market.
Be careful and trade on this condition.
