Honestly, few people pay attention to how American labor reports affect crypto, but it’s really important. The Non-Farm Payrolls report is released on the first Friday of each month and shows how many jobs were added or lost in the U.S. It may seem like a purely forex thing, but the crypto market reacts to it just as clearly.

How does this happen? It’s simple — when NFP shows strong job growth, the US dollar strengthens, and cryptocurrencies usually fall. Bitcoin and Ethereum often move in the opposite direction of the DXY (U.S. dollar index). If the Non-Farm Payrolls report shows weakness, investors look for alternative assets, including crypto.

Let’s take real examples. In September 2023, a strong non-farm report showed more jobs than expected. The result — the dollar rose, and Bitcoin dropped 5% in a day. Conversely, in March 2024, the report disappointed, jobs decreased, the dollar fell, and Bitcoin rose 7%. Today, in April 2026, the market still reacts similarly — current BTC price is around 68.6K, ETH around 2.1K, and volatility remains high on non-farm data release days.

For day traders, this is a golden opportunity — during the report release, volatility spikes, and short-term opportunities appear. But be cautious because the market can move in any direction. Long-term investors should monitor non-farm trends to understand the overall direction of global liquidity, which influences crypto more than many think.

My recommendation: before the report is released, follow the market consensus forecast. During the data release, use technical analysis and always set stop-losses. After the report, analyze how it affected the dollar and traditional markets — this will give you a signal about where crypto is heading. The Non-Farm Payrolls report is not just an economic figure; it’s a market signal, including for crypto. Those who understand this mechanism have an advantage.