📢How the Upcoming US Jobs Report Might Impact the Bitcoin #BTC Price📢

The data, which is closely scrutinized by policymakers at the US Federal Reserve, could trigger volatility in the Bitcoin market, depending on how and if it impacts expectations for further interest rate hikes from the US central #bank.

According to the #media of a series of polls of economists, the labor market is seen adding 193,000 jobs in May, slightly slower than the 253,000 pace at which jobs were added in April.

Should the data come out as expected, then that will indicate that the US labor market continues to hum along nicely, pushing back against the idea that the US is anywhere near entering into a recession.

But recent communications suggest that, even if the Friday #jobs report tops expectations, that may not be the case.