February non-farm employment data and unemployment rates in the USA will be announced. These statements are expected to bring volatility to Bitcoin (BTC).
TSI today 16.30will 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 believe that the course of the labor market will affect the Fed’s interest rate decision. very impressed is thinking.
Previous data far above expectations as 517,000 had come. Data to be released today expectations 205,000 is the level.
Interest rate expectations as a result of the statements made by Fed Chairman Jerome Powell in the past days From 25 basis points to 50 basis points was out. Today at 16.30 February data to be announced, central bank’s 25 or 50 basis points is thought to play an important role in increasing
If the data to be announced comes in the direction of the expectation, an increase in Bitcoin price can be observed.
The Latest Situation in Cryptocurrencies Before the Data to be Announced
Bitcoin in the last 24 hour period 8.1% in decline 19.907 traded at dollar levels.
Major altcoins also experienced major decreases in this process. Ethereum (ETH) 9% in decline 1,394, Ripple (XRP) 7.5% in decline 0.365, Cardano (ADA) 3% in decline 0.307 and BNB (BNB) 6.6% in decline 269 traded in dollars.