Bitcoin Peeps Above $56K, May Ignore US Jobs Report

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.

Author: Omkar Godbole

Related Articles


Your email address will not be published. Required fields are marked *