#NFPWatch
The jobs report just shocked the market
Economists expected +90K jobs.
The US delivered +29K.
Unemployment rose to 4.2% (from 4.1%)
About 60K jobs were revised down from earlier months
August's +162K now looks like a one-off, not a trend
Why this matters for crypto đ
Before the report, markets were pricing about a 70% chance of another Fed rate hike in October. A weak jobs number cools that fear. If hike bets fade, the dollar can weaken and risk assets like $BTC and $ETH often get breathing room.
But don't celebrate yet
US CPI on Oct 14 could flip the story
The FOMC decision is on Oct 28
Wages are still up about 3% year-on-year
The market has moved from "Will the Fed hike?" to "Will the Fed pause?" đ
Your call: Does this weak NFP start a $BTC rally, or is it just a short-term bounce? Drop your prediction below
#NFPWatch #Bitcoin #BTC #Fed
Not financial advice. Always DYOR.
The jobs report just shocked the market
Economists expected +90K jobs.
The US delivered +29K.
Unemployment rose to 4.2% (from 4.1%)
About 60K jobs were revised down from earlier months
August's +162K now looks like a one-off, not a trend
Why this matters for crypto đ
Before the report, markets were pricing about a 70% chance of another Fed rate hike in October. A weak jobs number cools that fear. If hike bets fade, the dollar can weaken and risk assets like $BTC and $ETH often get breathing room.
But don't celebrate yet
US CPI on Oct 14 could flip the story
The FOMC decision is on Oct 28
Wages are still up about 3% year-on-year
The market has moved from "Will the Fed hike?" to "Will the Fed pause?" đ
Your call: Does this weak NFP start a $BTC rally, or is it just a short-term bounce? Drop your prediction below
#NFPWatch #Bitcoin #BTC #Fed
Not financial advice. Always DYOR.