Analysis: Weaker-than-expected non-farm payroll report may stimulate the Federal Reserve's easing policy, benefiting the cryptocurrency market

The U.S. November non-farm payroll report will be released later today alongside the October retail sales data. The employment data will further reveal the extent of the cooling in the U.S. labor market, thereby influencing expectations for the Federal Reserve's interest rate cut path.

Analyst Linh Tran stated that a weaker-than-expected non-farm payroll report could reinforce the view of a significant slowdown in U.S. economic growth, thereby increasing market expectations for more aggressive monetary easing policies. Lower interest rates mean that weak data could stimulate risk appetite, potentially leading to a rebound in Bitcoin prices. However, Bitcoin prices remain persistently sluggish, primarily due to weak institutional demand for alternative investment tools.