US Non-farm Payrolls (NFP) lands tonight: the "storm warning signal" of the crypto world

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As the countdown for the US Non-farm Payrolls (NFP) data by the Bureau of Labor Statistics approaches, the volatility "switch" in the crypto world is also about to be triggered.

As the "barometer" of the Federal Reserve's monetary policy, the employment data to be released on November 20 at 21:30 is affecting the nerves of the crypto market: the previous value was only 22,000, while the market has projected an expectation of 50,000 — this implies that the market assumes the U.S. job market will "warm up." If the actual data aligns with expectations, the Federal Reserve's interest rate cut expectations will be suppressed, and concerns about tightening U.S. dollar liquidity will put pressure on high-risk assets like those in the crypto world; if the data falls short of expectations (or even below the previous value), the logic of "increased interest rate cut expectations" will directly inject momentum into coin prices.

Looking back at the data from the past year, US Non-farm Payrolls (NFP) have dropped from a high of over 200,000 at the end of 2024 to 22,000 in September 2025. The cooling job market is a potential positive for the crypto world, but the expected "jump" has made the situation delicate: within an hour after the data was released, the short-term volatility of mainstream coins like BTC and SOL may exceed 5%—this is both a risk and a window for short-term capital speculation.

For crypto world traders, tonight's US Non-farm Payrolls (NFP) data is not a "multiple choice question," but rather a "volatility trigger"—regardless of the data's direction, the "tide" of the crypto market will turn with the numbers from this employment report. #广场发币瓜分千U奖池 #晒出我的Alpha积分 #参与创作者认证计划月领$10,000 #今日你看涨还是看跌？ #内容挖矿赚丰厚返佣