US March Non-Farm Payrolls Report and Its Impact on Crypto Markets

The US Bureau of Labor Statistics will release the March non-farm payrolls report on April 4, at 8:30 AM Eastern Time. This marks a unique situation, as Good Friday coincides with the stock markets being closed. As a result, crypto markets will be the only active trading venue for the macro reaction.

This creates an interesting dynamic, where crypto traders can expect outsized moves in response to any surprise in the NFP data. In contrast to traditional markets, which would absorb or dilute the reaction, crypto order books will directly channel the volatility.