US Job Data Dampens Market Sentiment, Bitcoin To Witness Further Decline?

The latest US Job data showed that the nonfarm payroll data figures came in at 254,000 in September, more than the market expectations. The unemployment rate also comes below the market estimates, dampening the market sentiment, and indicating a further decline in Bitcoin and altcoins prices. Notably, this set of data is crucial for the US Federal Reserve to decide its monetary policy plans. Besides, it also influences the broader financial market sentiment, let alone the crypto market.