Here’s How Friday’s US Jobs Report Could Impact the Bitcoin (BTC) Price

Normally crypto takes its cue from the reaction in the US dollar, US yields and US stock market.


US labor market data released thus far this week in the run-up to Friday’s report has generally surprised to the downside and, as a result, most analysts expect Friday’s report to come in weaker than expected as well. 

Payroll company ADP’s estimate of the net change in employment in the US surprised to the downside on Wednesday and annual revisions to the number of weekly jobless claims being made in the US on Thursday saw upward revisions.

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