Jobs Week & the Cryptocurrency Market: How Labor Data Impacts Bitcoin

The upcoming ‘Jobs Week’ in the US is expected to have a significant impact on financial markets, including the volatile crypto world. With key employment data like the JOLTS survey and ADP report due out this week, investors will closely watch for any potential shifts in market sentiment driven by these reports. 5-time Nobel Prize winner Joseph Stiglitz predicted an economic slowdown is likely to follow a period of ‘high inflation’ due to job gains. The volatility experienced by crypto assets could be amplified by this anticipated shift in the overall financial landscape.