Analysis: Bitcoin did not show a clear directional trend before the non-farm payrolls report was released, and the crypto market remained relatively c...
TL;DR
Bitcoin showed no clear trend before the US non-farm payrolls report, with a 0.2% 24-hour rise. Weak data could boost risk assets like Bitcoin, while the crypto market remained calm except for SOL's gain.
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Odaily Odaily reports that the US non-farm payrolls report is about to be released, and the Federal Reserve's interest rate decision-making committee will be closely watching it. According to FactSet's forecast, the US economy may have added 55,000 jobs in December, and the unemployment rate is expected to fall from 4.6% to 4.5%. Weak economic data will solidify expectations of further interest rate cuts, potentially leading to a weaker dollar and pushing up the prices of risk assets, including Bitcoin. Before the non-farm payrolls report was released, Bitcoin did not show a clear directional trend, with a 24-hour increase of 0.2%. The crypto market was relatively calm; apart from SOL, which rose 2.8% in the past 24 hours, ETH and BNB did not experience significant fluctuations. (CoinDesk)