The U.S. Bureau of Labor Statistics has announced a delay in the release of the January 2026 non-farm payrolls report due to a partial government shutdown. Originally scheduled for release this Friday, the report's postponement has heightened macroeconomic uncertainty, as market participants now rely on ADP and ISM employment data for labor market assessments. Expectations of a 55,000 job increase and a 4.4% unemployment rate have been nullified.
The delay, coupled with ongoing contraction in U.S. manufacturing, has led to a risk-off sentiment across markets. Manufacturing has lost over 200,000 jobs since 2023, with the ISM index in contraction for 26 months. This has affected U.S. and Asian equities, strengthened the U.S. dollar, and pressured high-volatility assets, including cryptocurrencies. Bitcoin's price remains range-bound, with $80,000 as resistance and $75,000 as support, reflecting market sentiment during deleveraging. The crypto market's response to these developments will be closely watched as an indicator of risk appetite.
U.S. Nonfarm Payrolls Delay and Weak Manufacturing Impact Crypto Market
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