Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Crypto Markets Brace for Volatility as Traders Await Delayed U.S. Jobs Report

Crypto Markets Brace for Volatility as Traders Await Delayed U.S. Jobs Report

DeFi PlanetDeFi Planet2025/11/21 19:42
By:DeFi Planet

Quick Breakdown 

  • Bitcoin briefly crossed $93,000 as risk sentiment improved, though market fear remains elevated.
  • Bybit says the delayed U.S. September jobs report could trigger sharp moves across BTC, gold, FX, and indices.
  • Traders are watching for signals on whether the Fed may cut or hold rates in December, with market repricing already underway.

 

Risk sentiment improved across global markets as traders processed stronger-than-expected Nvidia earnings and shifted attention to the long-delayed U.S. September Nonfarm Payrolls (NFP) report. The Bybit Markets Desk noted that digital assets , already rebounding from earlier weakness, could see outsized swings once the jobs data lands.

Bitcoin tests $93K as risk assets rebound

Crypto markets reacted swiftly to the renewed risk appetite. Bitcoin briefly pushed above $93,000 before giving up some of the move, while the CoinDesk 20 Index climbed 4.5% as traders rotated back into major tokens. Bybit highlighted that, despite the bounce, market sentiment remains in “extreme fear,” suggesting that price reactions to macro data may be sharper than usual.

Nvidia’s earnings outlook provided the initial spark. Shares of the chipmaker surged past Bybit’s earlier upside target of $197.40 and hit an intraday high of $198.48, lifting U.S. indices on the platform. Both Bybit’s SP500 and NAS100 products broke above their 50-day moving averages, easing near-term pressure on risk assets. 

NFP data expected to set the tone for bitcoin and majors

The September NFP release, delayed due to the now-resolved U.S. government shutdown, will be published at 1:30 PM GMT. Economists expect 51,000 new jobs, more than double August’s figure, with unemployment steady at 4.3%.

A weaker print could revive expectations of a December rate cut, a scenario that historically supports Bitcoin and broader crypto markets. Lower yields may also lift major FX pairs and push gold above key psychological levels. Conversely, a larger jobs number may reinforce the Federal Reserve’s hold-the-line stance, strengthen the dollar, and pressure crypto assets.

Bybit noted that positioning for the December FOMC meeting has shifted sharply: rate-cut odds have fallen to 27% from nearly 100% a month ago, increasing the likelihood of volatile price repricing across Bitcoin, altcoins, indices, and commodities once the data hits.

Notably, Bybit recently announced the integration of the uMint tokenized fund, a digital asset product launched by global banking giant UBS. 

 

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Aligning Universities with Emerging Industries: The Critical Need for STEM Investment

- Global industries demand AI, renewable energy, and biotech skills faster than traditional education systems can supply, creating a critical skills gap. - Universities like MIT and Stanford are embedding AI across STEM curricula while industry partnerships accelerate hands-on training in automation and biomanufacturing. - Renewable energy programs with apprenticeships and public-private funding are addressing talent shortages as $386B global investments outpace workforce readiness. - Biotech's fragmented

Bitget-RWA2025/12/15 06:16
Aligning Universities with Emerging Industries: The Critical Need for STEM Investment

PENGU Token Value Soars: Blockchain Data and Institutional Interest Indicate Optimal Timing for Investment

- PENGU ranks #81 with $706.5M market cap, showing rising institutional interest and whale accumulation. - The pending Canary PENGU ETF, if approved, could unlock institutional capital by including NFTs in a U.S. ETF. - Mixed on-chain signals (RSI 38.7, OBV growth) and 2B tokens moved from team wallets highlight uncertainty. - Partnerships with Care Bears and Lufthansa, plus Bitso collaboration, expand utility but face regulatory risks. - Recent 8.55% price rebound and 2.6% gain post-BNB listing suggest ca

Bitget-RWA2025/12/15 05:58
PENGU Token Value Soars: Blockchain Data and Institutional Interest Indicate Optimal Timing for Investment

Evaluating How the COAI Token Scandal Influences Cryptocurrency Regulatory Policies

- COAI Token's 88% price crash and $116.8M loss exposed systemic risks in centralized AI-DeFi projects with opaque governance. - Global regulators responded with stricter frameworks, including EU's MiCA and Singapore's asset freezes, to address jurisdictional gaps. - Institutional investors now prioritize compliance, with 55% of hedge funds allocating to digital assets via tokenized structures in 2025. - Emerging solutions include AI-driven risk platforms and anthropological governance models to enhance tr

Bitget-RWA2025/12/15 05:24
Evaluating How the COAI Token Scandal Influences Cryptocurrency Regulatory Policies
© 2025 Bitget