BitPete

The Non-Farm Payrolls (NFP) is a monthly report from the U.S. government that tells us how many new jobs were created. In the world of finance, this is "Judgment Day" because it tells us if the economy is hot or cold. Why is it a "Blowout"? The numbers that just dropped are shocking: The Forecast: Experts expected the U.S. to add about 70,000 jobs. The Reality: The economy added 130,000 jobs! That is nearly double what was expected. In any other world, a strong job market is great news! People are working, earning, and spending. The "Crypto Catch": Why the Price Dropped So, why did $BTC just slide toward $66,000? It all comes down to Interest Rates. The Fed's Logic: When the job market is "too strong," the Federal Reserve worries about inflation. They think, "If everyone has a job and is spending money, prices will keep going up." The Result: To stop inflation, the Fed keeps interest rates high. The Crypto Impact: Crypto thrives when interest rates are low (cheap money). Because this "Blowout" report was so strong, investors now think the Fed will delay cutting interest rates. #USNFPBlowout