Data Analysis
The release
Released by the Bureau of Labor Statistics on 5 June 2020 at 8:30 AM EDT. The economy added 3M jobs for May 2020, according to Non-Farm Payrolls, after a loss of 20M in April 2020.
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 $9,661.42 when the figure came out. Fifteen minutes later it was 0.43% higher, and an hour later 0.08% higher. Its high-to-low range in the hour after was 0.82% of its price, against 1.54% in the hour before.
Measured by Clometrix
Bitcoin's volatility ratio was 2.11x, against 3.21x for a typical Non-Farm Payrolls release since 2021. Its volume ratio was 2.55x, against a typical 4.71x. That is a muted reaction by this release's own standard. 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 5 days before the Federal Reserve's 10 June rate decision. Its own ratio of 2.11x 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
9,778.55Close
9,591.1424h Change
-187.41 (-1.95%)24h High
9,854.7524h Low
9,550.2924h Volume
49,448 BTCUS Non-Farm Payrolls
Bureau of Labor Statistics
5th June, 2020, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 9662.04 | 9663.53 | 9657.72 | 9661.71 | 0.00% | 0.06% | 19 BTC |
| During | 9661.42 | 9697.99 | 9660.35 | 9690.27 | 0.30% | 0.39% | 131 BTC |
| 5 Minutes | |||||||
| Before | 9646.18 | 9665.00 | 9646.14 | 9661.71 | 0.16% | 0.20% | 201 BTC |
| During | 9661.42 | 9727.97 | 9660.35 | 9713.00 | 0.53% | 0.70% | 466 BTC |
| 10 Minutes | |||||||
| Before | 9660.00 | 9665.00 | 9624.24 | 9661.71 | 0.02% | 0.42% | 571 BTC |
| During | 9661.42 | 9727.97 | 9660.35 | 9710.52 | 0.51% | 0.70% | 718 BTC |
| 15 Minutes | |||||||
| Before | 9667.04 | 9667.43 | 9624.24 | 9661.71 | -0.06% | 0.45% | 830 BTC |
| During | 9661.42 | 9727.97 | 9660.35 | 9702.62 | 0.42% | 0.70% | 980 BTC |
| 30 Minutes | |||||||
| Before | 9697.79 | 9698.00 | 9624.24 | 9661.71 | -0.37% | 0.76% | 1,461 BTC |
| During | 9661.42 | 9727.97 | 9653.61 | 9672.88 | 0.12% | 0.76% | 1,809 BTC |
| 1 Hour | |||||||
| Before | 9726.00 | 9729.64 | 9581.00 | 9661.71 | -0.67% | 1.53% | 4,141 BTC |
| During | 9661.42 | 9727.97 | 9649.00 | 9669.33 | 0.08% | 0.81% | 3,200 BTC |
| 2 Hours | |||||||
| Before | 9735.00 | 9752.00 | 9581.00 | 9661.71 | -0.76% | 1.75% | 7,113 BTC |
| During | 9661.42 | 9727.97 | 9649.00 | 9710.88 | 0.51% | 0.81% | 5,213 BTC |
| 4 Hours | |||||||
| Before | 9787.76 | 9854.75 | 9581.00 | 9661.71 | -1.30% | 2.78% | 13,961 BTC |
| During | 9661.42 | 9727.97 | 9649.00 | 9699.17 | 0.39% | 0.81% | 8,765 BTC |
| 6 Hours | |||||||
| Before | 9761.99 | 9854.75 | 9581.00 | 9661.71 | -1.04% | 2.78% | 20,216 BTC |
| During | 9661.42 | 9755.82 | 9649.00 | 9733.35 | 0.74% | 1.09% | 11,837 BTC |
| 8 Hours | |||||||
| Before | 9778.55 | 9846.16 | 9631.77 | 9787.77 | 0.09% | 2.18% | 14,040 BTC |
| During | 9787.76 | 9854.75 | 9581.00 | 9699.17 | -0.91% | 2.78% | 22,727 BTC |
| 12 Hours | |||||||
| Before | 9778.55 | 9854.75 | 9581.00 | 9661.71 | -1.21% | 2.78% | 28,001 BTC |
| During | 9661.42 | 9755.82 | 9550.29 | 9591.14 | -0.73% | 2.11% | 21,447 BTC |
