The US non-farm payrolls data released in August came in at 142 thousand, below market expectations. With this development, there was an increase in cryptocurrencies, especially in leading assets. In particular, the largest cryptocurrency experienced an increase of about $ 1,100 after this employment data and recovered in a short time. The US unemployment rate was announced as 4.2%, in line with expectations.
The low non-farm payrolls data led to a weakening in the value of the dollar, which had a positive impact on cryptocurrency markets. Although the dollar index fell to 100.5 after the data, it showed signs of recovery afterwards. In light of all these developments, the inflation data to be announced on the 11th and how the US Federal Reserve (FED) will respond to this situation with a policy is eagerly awaited.
