Jobs data to be released later on Friday is expected to show a sharp slowdown in the pace of job creation in the world's largest economy in June, with bitcoin already down more than 13 percent this week, its biggest weekly percentage drop since the FTX crash in November 2022. The NFP data is expected to show the economy added 190,000 jobs in June, a sharp slowdown from 272,000 in May, according to consensus forecasts from economists surveyed by FactSet, while the unemployment rate remained unchanged at 4 percent. Weaker-than-expected U.S. job growth could provide support for BTC, Bitfinex said, and Jag Kooner, head of derivatives at the exchange, said so-called dovish, pro-risk asset expectations could strengthen further if Friday's jobs data shows weaker-than-expected job growth. If the non-farm payrolls report shows weaker-than-expected job growth, it could increase expectations of future rate cuts, which in turn could boost bitcoin prices as investors seek alternative assets in anticipation of monetary policy easing. If "market participants believe economic uncertainty will drive the Federal Reserve to eventually cut interest rates," the pace of inflows into U.S.-listed spot bitcoin ETFs favored by macro traders and institutions could accelerate.