US Nonfarm Payrolls Data Released! What Was Bitcoin’s (BTC) First Reaction?

The leading cryptocurrency Bitcoin (BTC) suffered a sharp decline after a week in the green and fell below $70,000 again.

While analysts generally state that the reason for this decline is the decreasing probability of Donald Trump winning the election, today’s eyes on BTC and altcoins are turned to the Non-Farm Employment data from the USA, which is of great importance in terms of the FED’s interest rate cuts.

The data announced on the first Friday of each month is closely followed by investors and interested parties to understand the state of the economy.

The data disclosed is as follows:

Nonfarm Payrolls Data: 12k Announced vs. 106k Expected vs. 254k Previous

Unemployment data: Announced 4.1% – Expected 4.1% – Previous 4.1%

Bitcoin’s reaction after the data came was as follows:

*This is not investment advice.