Data Analysis
The release
Released by the Bureau of Labor Statistics on 7 March 2025 at 8:30 AM EST. The economy added 102K jobs for February 2025, according to Non-Farm Payrolls, after a gain of 111K in January 2025.
It arrived at the same moment as Non-Farm Private Payrolls and Unemployment Rate, so the reaction measured on this page belongs to all of them together.
How Bitcoin moved
Bitcoin was at $89,430.96 when the figure came out. Fifteen minutes later it was 0.75% higher, and an hour later 0.34% lower. Its high-to-low range in the hour after was 1.75% of its price, against 1.73% in the hour before.
Measured by Clometrix
Bitcoin's volatility ratio was 2.25x, against 3.21x for a typical Non-Farm Payrolls release since 2021. Its volume ratio was 5.51x, against a typical 4.71x. That is about what this release usually does. Both compare the quarter hour of the release with an ordinary quarter hour that same day, where 1.00x is no change: volatility is how far the price ranged, volume how much traded.
What made it matter
Since 2021, Non-Farm Payrolls releases in the two weeks before a Fed decision have moved Bitcoin about as much as those at other times: a median volatility ratio of 3.15x across 21, against 3.22x across 49. This one came out 12 days before the Federal Reserve's 19 March rate decision. Its own ratio of 2.25x compares with 3.15x for those, so it moved the price less than its circumstances would suggest.
Its record
Across 70 Non-Farm Payrolls releases since 2021, Bitcoin's median volatility ratio is 3.21x.
About Non-Farm Payrolls
Nonfarm payrolls is the measure of the number of workers in the U.S. excluding farm workers and workers in a handful of other job classifications. This is measured by the Bureau of Labor Statistics (BLS), which surveys private and government entities throughout the U.S. about their payrolls. The BLS reports the nonfarm payroll numbers to the public on a monthly basis through the closely followed “Employment Situation” report.
Disclaimer
The data analysis, forecasted results and projections provided herein are based on historical price action and market trends. While every effort has been made to ensure the accuracy of the information, these predictions are speculative and should not be considered a guarantee of future performance. Market conditions can change rapidly, and past performance is not indicative of future results. Trading and investing involve significant risk, and you should conduct your own research and consult with a licensed financial advisor before making any investment decisions. We do not assume any liability for any losses that may result from reliance on this information.
BTC-USDT
Bitcoin
Open
87,119.30Close
86,073.5324h Change
-1045.77 (-1.21%)24h High
91,100.0024h Low
85,573.0724h Volume
46,313 BTCUS Non-Farm Payrolls
Bureau of Labor Statistics
7th March, 2025, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 89204.96 | 89465.44 | 89204.96 | 89430.96 | 0.25% | 0.29% | 58 BTC |
| During | 89430.96 | 90185.10 | 89100.98 | 90096.90 | 0.74% | 1.20% | 508 BTC |
| 5 Minutes | |||||||
| Before | 89493.89 | 89500.00 | 89106.47 | 89430.96 | -0.07% | 0.44% | 169 BTC |
| During | 89430.96 | 90185.10 | 89100.98 | 89800.83 | 0.41% | 1.20% | 1,079 BTC |
| 10 Minutes | |||||||
| Before | 89317.29 | 89500.00 | 89106.47 | 89430.96 | 0.13% | 0.44% | 246 BTC |
| During | 89430.96 | 90346.13 | 89100.98 | 90166.00 | 0.82% | 1.38% | 1,642 BTC |
| 15 Minutes | |||||||
| Before | 89448.65 | 89532.54 | 89106.47 | 89430.96 | -0.02% | 0.48% | 364 BTC |
| During | 89430.96 | 90346.13 | 89100.98 | 90103.76 | 0.75% | 1.38% | 1,831 BTC |
| 30 Minutes | |||||||
| Before | 89050.76 | 89840.00 | 88977.94 | 89430.96 | 0.43% | 0.96% | 778 BTC |
| During | 89430.96 | 90346.13 | 89023.34 | 89135.98 | -0.33% | 1.46% | 2,378 BTC |
| 1 Hour | |||||||
| Before | 89183.90 | 89840.00 | 88292.46 | 89430.96 | 0.28% | 1.72% | 1,789 BTC |
| During | 89430.96 | 90346.13 | 88782.55 | 89125.99 | -0.34% | 1.73% | 3,048 BTC |
| 2 Hours | |||||||
| Before | 89097.33 | 89840.00 | 88292.46 | 89430.96 | 0.37% | 1.72% | 2,492 BTC |
| During | 89430.96 | 91100.00 | 88655.34 | 89211.47 | -0.25% | 2.68% | 7,612 BTC |
| 4 Hours | |||||||
| Before | 89273.61 | 89840.00 | 88292.46 | 89430.96 | 0.18% | 1.72% | 4,268 BTC |
| During | 89430.96 | 91100.00 | 86554.77 | 87357.99 | -2.37% | 4.99% | 16,508 BTC |
| 6 Hours | |||||||
| Before | 88453.40 | 89840.00 | 87985.30 | 89430.96 | 1.09% | 2.06% | 5,980 BTC |
| During | 89430.96 | 91100.00 | 86554.77 | 88279.97 | -1.30% | 4.99% | 20,854 BTC |
| 8 Hours | |||||||
| Before | 87119.30 | 89278.28 | 86778.57 | 89273.61 | 2.41% | 2.80% | 11,042 BTC |
| During | 89273.61 | 91100.00 | 86554.77 | 87357.99 | -2.19% | 4.99% | 20,776 BTC |
| 12 Hours | |||||||
| Before | 87119.30 | 89840.00 | 86778.57 | 89430.96 | 2.58% | 3.41% | 15,310 BTC |
| During | 89430.96 | 91100.00 | 85573.07 | 86073.53 | -3.90% | 6.07% | 31,003 BTC |
