Nonfarm payrolls data for March in the US will be released shortly. With the announcement of the data, volatility is expected in 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 say that the course of the labor market will be taken by the US Federal Reserve (FED). interest rate decision thinks it has had a serious impact.
Previous data exceeded expectations as 311,000 had come. Data to be released today expectations 230,000 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 0.1% in decline 27,921 traded at dollar levels. Major altcoins have experienced similar changes. Ethereum (ETH) 0.8% in decline 1,855, Ripple (XRP) 1.5% with an increase 0.506, Cardano (ADA) 0.2% in decline 0.38 and BNB (BNB) 0.4% in decline 310 traded in dollars.