July Jobs Report Looms: Will Weaker Data Boost Bitcoin Again?
The release of July's Nonfarm Payrolls (NFP) report by the U.S. Bureau of Labor Statistics is set to have a significant impact on Bitcoin traders.
Economists predict around 83,000 new jobs in July, while the unemployment rate is expected to remain at 4.2%.
Last month's weaker-than-expected jobs data pushed Bitcoin sharply higher before its rally eventually lost momentum.