Today is the first Friday of August. At 8:30 PM, the U.S. July non-farm payroll data will be released. If the data is weaker than expected, it may boost expectations for a Federal Reserve rate cut, which would be a short-term positive for Bitcoin. However, if the data is stronger than expected, a stronger dollar will suppress BTC. But since the Federal Reserve's interest rate decision was announced yesterday and the next meeting is in September, the impact of tonight's data may be limited unless there is a significant anomaly.

BTC-0.29%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)