It is estimated that the non-farm employment data and unemployment rates for May, which will be announced shortly in the USA, will bring volatility to Bitcoin (BTC).
US nonfarm payrolls data TSI today time at 15.30 will be announced. Market analysts agree that the course of the labor market, the US Federal Reserve (FED) will be taken by interest rate decision claims to have had a serious impact. Therefore to be announced data is considered to be as important as inflation data.
Previous data below expectations as 253 thousand had come. Data to be released today expectations 180 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
The crypto money market has been running low for a while and there are no big changes in prices.
Bitcoin in the last 24 hour period 1% increase 27.136 traded at dollar levels. Major altcoins also experienced similar increases. Ethereum (ETH) 1.9% on the rise 1895, Ripple (XRP) 2.1% with an increase 0.516, Cardano (ADA) 3.4% with an increase 0.376 and BNB (BNB) 0.8% with an increase 307 traded in dollars.