The leading cryptocurrency Bitcoin (BTC) and altcoins have faced sharp declines in recent days. While the BTC price fell to $91, there was a small recovery from the night hours.
While Bitcoin rose to $94,000, all eyes on BTC and altcoins today are on the Non-Farm Employment data from the US, which is of great importance in terms of the FED’s interest rate cuts.
The data announced on the first Friday of each month is closely followed by investors and interested parties to understand the state of the economy.
The data disclosed is as follows:
Nonfarm Payrolls Data: 256k Announced vs. 164k Expected vs. 227k Previous
Unemployment data: Announced 4.1% – Expected 4.2% – Previous 4.2%
Bitcoin’s reaction after the data came was as follows:
*This is not investment advice.