#NFPCryptoImpact
“US Non-Farm Payrolls December: Will Bitcoin Surpass $100,000 or Sink as Markets Face New Data?”
The US Non-Farm Payrolls (NFP) data for December 2024, scheduled for release on January 10, 2025, is becoming the focus of global investors. With a forecast of 160,000 new jobs, down from 227,000 last month, the report not only reflects the health of the US economy but also plays a key role in guiding the Fed’s policy. More importantly, the cryptocurrency market, especially Bitcoin, could be strongly affected. Will Bitcoin break out and surpass $100,000, or will it face major obstacles if the Fed maintains its tight monetary policy?
Scenario if NFP is lower than expected (<160K jobs):
If the number is lower than expected, the market may expect the Fed to pause rate hikes or even ease policy. This will reduce pressure on bond yields and cause the USD to weaken. Bitcoin is likely to rally strongly as the opportunity cost of holding non-yielding assets decreases. Bitcoin may test the important resistance level of $100,000.
The upcoming NFP data is a “key” factor that determines the direction of the crypto market in the short term. If the data is weaker than expected, Bitcoin may increase sharply, even surpassing $100,000. Conversely, positive data may cause Bitcoin to fall sharply.
Prepare your investment strategy now, because any upcoming volatility could be a golden opportunity in 2025!
$BTC