#NFPCryptoImpact

• Purpose: The report provides detailed information about the labor market in the United States and the overall economic health.

Main features:

• Covered data: includes employment data in sectors such as manufacturing, healthcare, retail, and finance. The report also shows average working hours, hourly wages, and the unemployment rate.

• Schedule: Published on the first Friday of each month, including the previous month.

• Market impact:

• Strong employment growth = Positive economic signals (could boost stock prices and the US dollar).

• Weak employment growth = Negative economic signal (could lower stock prices and the dollar).

• Volatility: the release of NFP often causes sharp price changes in financial markets, creating trading opportunities.

How does NFP affect cryptocurrencies?

• Indirect impacts:

• Market sentiment: Strong NFP data could increase investor confidence and lead to risk-taking in assets like cryptocurrencies.

• Macroeconomic factors: a strong economy could generate more disposable income, which could increase cryptocurrency adoption.