RabbitVectorStory
Study finds jobs report doesn't really move bitcoin's price
No clear lean
Informational finding, no real price impact either way
What happened
Someone looked back at six years of bitcoin price data around the release of the U.S. Non-Farm Payrolls (NFP) report, which is a monthly government report on how many jobs the economy added. They found that despite all the hype and anticipation around this report, it hasn't actually caused big, consistent swings in bitcoin's price.
Why it matters
If you've been anxious about jobs report days moving your crypto holdings a lot, this suggests that fear is probably overblown based on historical patterns.
Should I do anything?
No action needed here. This is just useful context to help you worry less about specific calendar dates causing crypto chaos.
Terms used
- NFP report
- Non-Farm Payrolls, a monthly U.S. government report showing how many jobs the economy added, closely watched by traders