Non-farm employment data and unemployment rates for June, which will be announced shortly in the US, are expected to bring volatility to Bitcoin (BTC) and cryptocurrencies.
US nonfarm payrolls data TSI today time at 15.30 will be announced. US Federal Reserve of the labor market (FED) will be taken by interest rate decision market analysts as it is thought to have a serious impact to be announced argues that data is as important as inflation data.
Previous data well above expectations as 339 thousand had come. Data to be released today expectations 225 thousand is the level.
In the event that the data expressing the change of working people in May, excluding the agricultural industry, move upwards, there may be an increase in the dollar. bitcoin with inverse correlation dollar index moving in (DXY) to increase negative impact on the cryptocurrency market will affect.
The Latest Situation in Cryptocurrencies Before the Data to be Announced
Although the cryptocurrency market has been in a bullish period for a while, some decreases have been observed in the last 24 hours.
Bitcoin in the last 24 hour period 2.6% in decline 30,155 dollar trading levels. Major altcoins also experienced similar drops. Ethereum (ETH) 2.6% in decline 1,862, Ripple (XRP) 1.8% in decline 0.466, Cardano (ADA) 1.6% in decline 0.282 and BNB (BNB) 2.5% in decline 233 dollartraded from.