As Bitcoin wrestles with the prevailing bearish momentum, all eyes are on the upcoming Non-Farm Payroll (NFP) data – one of the most eagerly-anticipated events on the economic calendar.
This data release has the potential to jolt Bitcoin’s value in either direction – with some analysts speculating that $BTC could hit $30,000 if the release is a bullish one.
However, Bitcoin isn’t the only crypto that could explode due to NFP – and investors are already eyeing up several other new coins that have the potential for significant price movements.
Bitcoin Investors Anticipate the Key Impact of NFP Data Release
NFP data is scheduled to be released at 8.30am EST today, with investors eager to find out how the US job market has been performing over the last month.
Preliminary reports have emerged that the US is expected to have added 190,000 jobs in May, with the unemployment rate forecasted to be 3.5% – slightly higher than…
