BREAKING: US Non-Farm Employment Data Released! Here's Bitcoin's (BTC) First Reaction!

Bitcoinsistemi2025/03/07 17:33

By: Elif Azra Güven

US Nonfarm Payrolls and Unemployment Data have been released. Here is the latest.

The long-awaited development has finally happened, with US President Donald Trump signing an executive order to establish a Strategic Bitcoin Reserve in the US.

This development did not have the expected effect and BTC fell by 4% in the last 24 hours to $88,300.

Related News Ripple (XRP) Was Invited to Friday's Grand Summit, But This Altcoin Included in the Reserve Was Not! Here's Why!

While the Trump-induced fluctuations in Bitcoin continue, all eyes on BTC and altcoins are now on the Non-Farm Employment data from the US, which is of great importance in terms of the FED's interest rate cuts.

The data announced on the first Friday of each month is closely followed by investors and interested parties to understand the state of the economy.

The data disclosed is as follows:

Nonfarm Payrolls Data: 151k Announced vs. 159k Expected vs. 143k Previous

Unemployment data: Announced 4.1% – Expected 4.0% – Previous 4.0%

Bitcoin's reaction after the incoming data was as follows:

BREAKING: US Non-Farm Employment Data Released! Here's Bitcoin's (BTC) First Reaction! image 0

*This is not investment advice.

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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