#NFPCryptoImpact All eyes are on the US December nonfarm payrolls data due out this Friday. Analysts are forecasting 153,000 new jobs, signaling a possible slowdown from November's numbers. This report comes at a crucial time as the Federal Reserve weighs its next policy moves amid evolving labor market trends.
A lower than expected jobs figure could fuel speculation of a dovish Fed, potentially boosting risk assets like Bitcoin, which thrives on lower interest rates. Conversely, if the labor market remains resilient, the Fed may maintain its hawkish stance, putting pressure on cryptocurrency prices.
As Bitcoin nears key support levels, the upcoming data could be a catalyst