Today, the new updated data on the US non-farm payroll will be released, and this could increase the volatility in the price of Bitcoin.
In recent days, volatility has decreased a bit, after the declines on Monday and Tuesday that brought it back below $62,000.
The non-farm payroll data is coming and the potential impact on the price of Bitcoin (BTC)
The data on nonfarm payroll and the unemployment rate in the USA is expected today at 14:30 CET (Central European Time).
This is an important data point concerning the labor market, and therefore indirectly the Fed’s monetary policy.
In fact, the central bank of the United States does not have as its sole objective to maintain consumer goods price inflation around 2%, but also to promote full employment.
So when the unemployment rate is high, or the labor market is stagnant, it intervenes to encourage a recovery.
Currently, the unemployment rate in the USA is 4.2%, but a year ago it was lower (3.8%).
The post-pandemi
We współpracy z: https://en.cryptonomist.ch/2024/10/04/bitcoin-after-the-payroll-data-volatility-could-increase/
