Bitcoin price experienced a small decline ahead of the employment data to be announced in the USA today.
The employment report data to be announced today will shed light on how effective the Fed’s monetary policy is in controlling inflation.
After the Fed stopped increasing interest rates, traditional markets such as the S&P 500 increased by 8.9% throughout November.
Fed’s with interest policy Non-agricultural employment data that are expected to provide relevant insight, at 16:30 will be announced.
According to surveys, economists think that 183 thousand net non-agricultural jobs were created in the American economy for November. Bloomberg economists expect, unemployment rate It is predicted that it will increase to 4%.
Although Bitcoin has decreased in the last two days, open positions on the Deribit exchange will expire at the end of January from $75,000 It shows that there is a large amount of call options for delivery contracts.
According to Deribit data, a total of $162 million There are 3,684 options worth.