#非农就业数据来袭# The relationship between US Non-farm Payrolls (NFP) and Bitcoin: The market for Bitcoin and other Crypto Assets is influenced by the global economy and financial markets, while Non-farm Payrolls (NFP) as an important indicator of the US economy may also affect the price of Bitcoin. The specific relationship is as follows:

Economic Signals: US Non-farm Payrolls (NFP) reflect the employment situation of the American economy. If the NFP data is strong (i.e., many new jobs created), it usually indicates a healthy US economy, a stronger dollar, and may lead investors to shift funds from riskier assets (such as Bitcoin) to traditional assets, causing Bitcoin prices to fall. Conversely, if the data is weak, indicating an economic downturn, it may stimulate risk-averse sentiment, driving Bitcoin to perform well as "digital gold."
Market Sentiment: The price of Bitcoin is often influenced by market sentiment, and when the US Non-farm Payrolls (NFP) data is released, market expectations for the economic outlook can fluctuate dramatically, potentially driving significant price volatility in assets like Bitcoin.
Federal Reserve Policy Expectations: US Non-farm Payrolls (NFP) directly impact the Federal Reserve's monetary policy. If the non-farm data is strong, it may lead to the Federal Reserve raising interest rates or reducing monetary stimulus, which would increase the value of the dollar and put pressure on Bitcoin. Conversely, if the non-farm data is weak, it may encourage the Federal Reserve to continue its accommodative policy, indirectly benefiting Bitcoin and other non-traditional assets.
In summary, although the US Non-farm Payrolls (NFP) directly affect traditional markets and the US dollar, Bitcoin, as an asset, is also susceptible to fluctuations in the global economic situation and market sentiment. Therefore, the release of the US Non-farm Payrolls (NFP) often has a certain indirect impact on the Bitcoin market.
The larger the US Non-farm Payrolls (NFP) figure, the stronger the economy, which is beneficial for the dollar and negative for crypto, leading to high interest rates from the Federal Reserve; the smaller the US Non-farm Payrolls (NFP) figure, the weaker the economy, which is negative for the dollar and beneficial for crypto, leading to interest rate cuts from the Federal Reserve. (Forward)