Analysis: Bitcoin shows no clear directional trend ahead of the non-farm payroll release, with the crypto market remaining relatively calm
According to Odaily, the U.S. non-farm payroll report is about to be released, and the Federal Reserve's rate-setting committee will closely monitor the report. According to FactSet's forecast, the U.S. economy may have added 55,000 jobs in December, with the unemployment rate expected to drop from 4.6% to 4.5%. Weak economic data would reinforce expectations of further rate cuts, potentially leading to a weaker U.S. dollar and pushing up the prices of risk assets including bitcoin. Before the release of the non-farm payroll data, bitcoin has not shown a clear directional tendency, with a 24-hour increase of 0.2%. The crypto market appears relatively calm, with the exception of SOL, which rose 2.8% in the past 24 hours, while ETH and BNB have not experienced significant fluctuations. (CoinDesk)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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