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- 🗒 Gate.io Suggested Topics Posting Event: #NFP Data Release#
✍️ Please include the topic #NFP Data Release# in your post
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The Non-Farm Payroll (NFP) data is set to be released on May 2nd. As a key economic indicator, it often has a significant impact on market sentiment. How do you think this upcoming report will influence the crypto market’s direction? Are you bullish or bearish?
Post with the hashtag #NFP Data Release# to share your insights or analysis to share the $50 reward pool!
⏰ Event Time: April 30, 4:00 AM - May 1, 4:00 AM (UTC)
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Bitcoin (BTC) was trading at $84,555 on Good Friday, up by 13% from its lowest point this year, giving it a valuation of over $1.68 trillion. It has dropped by 10% this year, outperforming the Nasdaq 100 index, which has fallen by 13%.
Historical data suggests that Bitcoin remains in a bullish trend despite the 23% dip. Moreover, the coin has experienced bigger drops in the past. For example, it fell by 35% from its peak in March last year to its lowest point in August, before bouncing back.