Non-farm employment data and unemployment rates for April in the USA will be announced. These statements are expected to bring volatility to Bitcoin (BTC).
US nonfarm payrolls data TSI today time at 15.30 will be announced. Although it is thought that these data will not affect the crypto money market that much, according to many experts, it is important to decide on the interest rate. as important as inflation data carrying. Market analysts agree that the course of the labor market, the US Federal Reserve (FED) will be taken by interest rate decision thinks it has had a serious impact.
Previous data below expectations as 236 thousand had come. Data to be released today expectations 180 thousand is the level.
If the data expressing the change of working people in March, 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 cryptocurrency market has been moving with low volume for the past few days, and no major changes are observed in prices.
Bitcoin in the last 24 hour period 0% change 29,171 traded at dollar levels. Major altcoins have experienced similar changes. Ethereum (ETH) 0.5% on the rise 1.914, Ripple (XRP) 0.2% with an increase 0.462, Cardano (ADA) %one in decline 0.389 and BNB (BNB) 0.1% in decline 325 traded in dollars.