Does NFP affect BTC?

I'm curious, does the Non-Farm Payrolls (NFP) report, a key economic indicator for the United States, have any significant impact on the price of Bitcoin (BTC)? As a cryptocurrency investor, I'm always on the lookout for market-moving events, and I've heard rumors that NFP announcements can stir up volatility in the crypto space. Could you elaborate on the potential connection between NFP and BTC, and what factors I should consider when analyzing their relationship?