#NFPCryptoImpact The latest Non-Farm Payrolls (NFP) data for December 2024 showed an increase of 164,000 jobs, down from the previous figure of 227,000 in November 2024.

This decline could impact the crypto market through several mechanisms:

1. Monetary Policy Expectations: A lower NFP reading could prompt the Federal Reserve to consider easing monetary policy to support economic growth. Looser monetary policy often increases liquidity in the market, which can boost demand for riskier assets like crypto.

2. US Dollar Movement: A weak NFP reading could lead to a weaker US dollar. Since many crypto assets are traded in dollars, a weaker dollar could make crypto more attractive to international investors, potentially boosting prices.

3. Market Sentiment: A lower-than-expected employment reading could increase economic uncertainty, prompting investors to seek alternative investments like crypto, which is considered a hedge against economic uncertainty. However, it is important to note that the crypto market is highly volatile and is influenced by a variety of other factors, including regulation, technology adoption, and global market sentiment.

Here are the current prices for some of the major crypto assets:

These price movements reflect the market’s response to a variety of factors, including economic data such as the NFP.

Investors are advised to continue to monitor developments in economic data and other related news, and conduct a thorough analysis before making any investment decisions.