Non-farm employment data and unemployment rates for October in the USA will be announced. These statements are expected to bring volatility to Bitcoin (BTC).
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.
Previous data exceeded expectations as 263,000 had come. Data to be released today expectations 200,000 is the level.
In 2022, the US Federal Reserve interest rate in total 375 basis points raised. Today at 15.30 October data to be announced, the 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.
The Latest Situation in Cryptocurrencies Before the Data to be Announced
Bitcoin in the last 24 hour period 2.2% on the rise 20,560 traded at dollar levels.
Major altcoins also experienced a small increase in this process. Ethereum (ETH) 3.1% on the rise 1.578, Ripple (XRP) 7.1% on the rise 0.487, Cardano (ADA) 3.6% on the rise 0.405 and Solana (LEFT) 3.7% on the rise 32.39 traded in dollars.
Before the announcement, the market value of Bitcoin 369 billion dollars while the total value of the cryptocurrency market is around 1.072 trillion dollar are levels.