Bitcoin’s historical trading data indicates that the U.S. nonfarm payrolls (NFP) report has not consistently produced major price moves in the cryptocurrency. CoinDesk’s review of six years of bitcoin data, published in its Sept. 4, 2026, day-ahead market look, challenges the assumption that the monthly employment release is a major catalyst for BTC. The analysis is relevant for traders assessing how scheduled macroeconomic events may affect bitcoin’s market activity. While the NFP report remains a closely watched economic indicator, the historical review suggests its influence on bitcoin prices has been limited compared with expectations often attached to the release. The findings do not provide a forecast for the latest report or establish how bitcoin will respond to future employment data. Instead, they offer a longer-term perspective on the relationship between the labor-market release and bitcoin price performance.
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CoinDesk
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