Fed Watch: Employment Data Shifts Crypto Sentiment Ahead of Rate Decision
Markets enter a data-sensitive phase as the Federal Reserve's looming interest rate decision amplifies scrutiny on employment metrics. Cryptocurrencies exhibit heightened volatility to labor market fluctuations, with non-farm payrolls and wage growth serving as critical gauges for risk appetite.
Divergent bank forecasts underscore uncertainty—JPMorgan anticipates -25K October payrolls versus Goldman Sachs' +10K projection. The missing October unemployment dataset introduces volatility risks, compounded by Fed Chair Powell's暗示 of potential December rate cuts should labor weakness persist.
Bitcoin and ethereum face inflection points as the 4.6% unemployment print filters through trading algorithms. Altcoins mirror equities' sensitivity to Treasury yield movements, with derivatives markets pricing in asymmetric reactions to payroll surprises.
