$BTC traders have another major macro event to watch.
Wall Street remains divided over what the Fed could do in September.
Hawks are focused on sticky inflation and the possibility of keeping rates higher for longer, while doves are pointing to signs of cooling in the labor market.
That makes the upcoming August NFP report especially important. A surprise could quickly shift rate expectations and move risk assets.
Meanwhile, $XRP is also back on the radar as traders watch whether it can build momentum after its recent move.
As always, the biggest reaction could come from the gap between what the market expects and what the data actually delivers.
#BingX #BTC #XRP
Wall Street remains divided over what the Fed could do in September.
Hawks are focused on sticky inflation and the possibility of keeping rates higher for longer, while doves are pointing to signs of cooling in the labor market.
That makes the upcoming August NFP report especially important. A surprise could quickly shift rate expectations and move risk assets.
Meanwhile, $XRP is also back on the radar as traders watch whether it can build momentum after its recent move.
As always, the biggest reaction could come from the gap between what the market expects and what the data actually delivers.
#BingX #BTC #XRP
