Since the onset of the coronavirus pandemic in early 2020, bitcoin has become sensitive to critical macro data releases, such as the NFP report, influencing the Fed’s monetary policy. This time, however, the cryptocurrency could ignore the data, even if it beats estimates and cements the case for a Fed taper. A weak report would, in any case, be positive for asset prices in general.
Source: www.coindesk.com
Author: Omkar Godbole
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