Battle for $20,000 in Bitcoin (BTC): Latest Situation Before US Employment Data That Will Affect Rate Decision

Non-Farm Employment Data and Unemployment rates will be released in the USA. These statements are expected to bring volatility to Bitcoin.

TSI today 15.30will be announced in US employment data Although it is thought that it does not affect the crypto money market much, according to many commentators, it is as important as inflation data for the interest rate decision. Market analysts said that the positive course of the labor market led to the Fed’s interest rate decision. very impressed is thinking.

In 2022, the US Federal Reserve interest rate in total 225 basis points raised. Today at 15.30 August data to be announced, central bank’s 50 or 75 basis points is expected to play an important role in increasing If the data to be announced comes in the opposite direction of expectations, a decrease in Bitcoin price may be observed.

Crypto Fund QCP Capital said in a statement that the market 75 basis points interest stated that it has already priced in the increase.

Data to be Announced Latest Situation in Previous Cryptocurrencies

Bitcoin in the last 24 hour period 0.04% on the rise 20,080 traded at dollar levels. In major altcoins, there was not much change in this process. Ethereum 0.9% on the rise 1.590, Ripple 0.7% on the rise 0.329, cardano 1.7% on the rise 0.456 and Solana 0.16% on the rise 31.52 traded in dollars.

Before the announcement, the market value of Bitcoin 383 billion dollars while the total value of the cryptocurrency market is around 982 billion dollar are levels.

source site-9