#三月非農數據來襲

The non-farm payroll (NFP) data for March 2026 significantly exceeded expectations, causing notable short-term volatility and pressure in the cryptocurrency market.

Data performance and immediate reactions
Surging data: In March, non-farm employment increased by 178k, well above the market expectation of 60k.
Bitcoin movement: After the data release, Bitcoin (BTC) briefly surged past $67k before rapidly falling back as the market digested the data.
Unemployment rate: Remained steady at 4.3%.

Specific impacts on cryptocurrencies
Cooling of rate cut expectations: Strong employment data indicates the US economy remains resilient, reducing the likelihood of the Federal Reserve (Fed) cutting rates in the short term. The market now expects the first rate cut to be delayed until July. $BTC $SIREN $DOGE

Capital shifts to USD/US Treasuries: As rate cut expectations are pushed back, US Treasury yields rise, and the dollar strengthens, which typically exerts de-risking pressure on non-yielding cryptocurrencies.

Geopolitical and macro double pressures: Besides the non-farm data, recent political uncertainties such as US-Iran conflicts have also increased volatility in the crypto market. Analysts warn that if Bitcoin cannot hold its support levels, it may drop to $60k.

Bitcoin key levels to watch
Short-term support: $64,000 – $65,000.
Key resistance: $67,000 – $68,000.