Bitcoin (BTC) and altcoin are experiencing a sharp decline in the face of bilateral tariffs announced by US President Donald Trump in Independence Day on April 2 and China’s retaliation.
The Fed is expected to cut interest rates to reverse this situation, but today U.S. non-farm employment data, which is extremely important in the Fed’s interest rate decisions, has been released.
Data released on the first Friday of each month is closely followed by investors and stakeholders to understand the state of the economy.
The data disclosed is as follows:
Non-farm payroll data: 228K announcement vs 137K forecast vs 151K before
Unemployment data: 4.2% announced – 4.1% forecast – 4.1% previous
The reaction of Bitcoin after incoming data was as follows:
*This is not investment advice.
