đ¨ BREAKING: US JOBS SHOCK. Bitcoin pumps, then gives it back.
The September jobs report just dropped, and it's a big miss:
đ Jobs added: 29K (expected ~84-90K)
đ Unemployment: 4.2% (expected 4.1%)
â ď¸ July & August revised down by a combined 60K
Why crypto cares: weak jobs = less pressure on the Fed to raise rates.
đ Odds of an October rate hike crashed to ~13% (from ~69% a week ago).
⥠What BTC did:
- Spiked to ~$87K right after the data
- Gave back ~$2K within minutes
- Now ~$85K
$87K is the level that has capped Bitcoin for most of this year. Analysts (21Shares) say a clean break could open the road to $90K.
â ď¸ But remember: a weak economy can also hurt risk assets. Good news for rates isn't always good news for prices.
đłď¸ YOUR CALL:
đ˘ BTC breaks $87K â $90K next
đ´ Rejected again â back to $82K
Vote in the comments đ and follow for live updates!
#Bitcoin #BTC #USJobs #BinanceSquare #CryptoNews
The September jobs report just dropped, and it's a big miss:
đ Jobs added: 29K (expected ~84-90K)
đ Unemployment: 4.2% (expected 4.1%)
â ď¸ July & August revised down by a combined 60K
Why crypto cares: weak jobs = less pressure on the Fed to raise rates.
đ Odds of an October rate hike crashed to ~13% (from ~69% a week ago).
⥠What BTC did:
- Spiked to ~$87K right after the data
- Gave back ~$2K within minutes
- Now ~$85K
$87K is the level that has capped Bitcoin for most of this year. Analysts (21Shares) say a clean break could open the road to $90K.
â ď¸ But remember: a weak economy can also hurt risk assets. Good news for rates isn't always good news for prices.
đłď¸ YOUR CALL:
đ˘ BTC breaks $87K â $90K next
đ´ Rejected again â back to $82K
Vote in the comments đ and follow for live updates!
#Bitcoin #BTC #USJobs #BinanceSquare #CryptoNews
