Here’s Why Bitcoin and Altcoins are Going Up Today
A mild crypto rally is underway, with Bitcoin hovering around $109,000 and top altcoins like MemeCore, Virtuals Protocol, OKB, Cronos, and Ethena being some of the top gainers.
Crypto Rally Happens Ahead of NFP Data
The main reason behind the ongoing crypto market rally is that traders are anticipating the August non-farm payrolls (NFP) data scheduled for Friday this week.
These are important macro numbers because they will shed light on the state of the American economy and provide the clearest hint on what the Federal Reserve wil do in the next meeting later this month.
There are signs that the labor market will be weak as a vacancies report showed on Tuesday. This report showed that job…
