U.S. Jobs Report Impact: Brace for Crypto Market Volatility in BTC, ETH

The cryptocurrency market is poised for potential turbulence as traders and investors await the latest U.S. employment data. Key metrics like the Non-Farm Payrolls (NFP) report are closely watched by the Federal Reserve for setting monetary policy. Strong job growth could signal persistent inflation, leading to a more hawkish Fed stance and higher interest rates, which traditionally pressures risk assets like Bitcoin (BTC) and Ethereum (ETH). Conversely, weaker data might boost crypto prices by fueling hopes for a more dovish policy shift. Analysts advise market participants to prepare for significant price swings across major cryptocurrencies following the data release. Monitoring trading volumes and key support/resistance levels for BTC and ETH is crucial in this high-stakes environment.