Analysis: Bitcoin: No clear directional trend emerged ahead of the non-farm payrolls report, and the crypto market remained relatively calm.
Svmuu News: The U.S. nonfarm payrolls report is set to be released, and the Federal Reserve’s rate-setting committee will be closely monitoring the report.According to FactSet forecasts, the U.S. economy may have added 55,000 jobs in December, with the unemployment rate expected to drop from 4.6% to 4.5%. Weak economic data will reinforce expectations of further interest rate cuts, potentially leading to a weaker dollar and pushing up prices of risk assets, including Bitcoin.Prior to the nonfarm payrolls release, Bitcoin showed no clear directional bias, with a 0.2% gain over the past 24 hours. The crypto market remained relatively calm; aside from SOL rising 2.8% over the past 24 hours, neither ETH nor BNB experienced significant volatility. (CoinDesk)
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