Non-Farm Employment Data and Unemployment rates will be released in the USA. It is predicted that there will be volatility in the crypto money market, which is indirectly affected by the employment data, together with the explanations.
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.
The previous data came as 315,000, above expectations. In the data to be announced today, the expectations are 250,000.
In 2022, the US Federal Reserve interest rate in total 300 basis points increased.
Today at 15.30 September 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.
Latest Situation in Cryptocurrencies Before Data to Be Announced
Bitcoin in the last 24 hour period %one in decline 20,000 traded at dollar levels. In major altcoins, there was not much change in this process. Ethereum %one in decline 1,354, Ripple 1.4% in decline 0.49, cardano 2.2% in decline 0.428 and Solana 2.3% in decline 33.32 traded in dollars.
Before the announcement, the market value of Bitcoin 383 billion dollars while the total value of the cryptocurrency market is around 998 billion dollar are levels.