The latest U.S. nonfarm payroll data shows that seasonally adjusted job growth in January was only 143,000, the lowest since October last year and well below expectations. However, the unemployment rate dropped to 4%, better than the expected 4.1%, and job gains for the previous two months were revised up by a total of 100,000.
For the crypto market, the combination of slowing job growth and a lower unemployment rate could boost short-term risk asset performance. How do you think this data will influence the Fed’s rate decisions? Will it trigger volatility in the crypto market? How should traders position themselves to manage risk? Share your thoughts!