Strong Jobs. Higher Yields. Why Didn’t Bitcoin React More?
The U.S. added 165,000 jobs in October, nearly triple the expected 65,000.
Unemployment came in at 4.1%, while wage growth reached 0.4% month-over-month.
The bond market reacted:
• 2-year Treasury yield: 4.537%
• 10-year Treasury yield: 4.878%
Bitcoin, meanwhile, traded near $75,800 shortly after the release.
Here’s the interesting part:
Most of Bitcoin’s recent decline happened before the jobs report — not after it.
Stronger employment data may reinforce expectations of tighter Fed policy, but Bitcoin’s immediate reaction was relatively limited.
Is Bitcoin already pricing in macro risks, or is the next move still ahead?
#Bitcoin #NFP #FederalReserve #TreasuryYields #MarketWatch
The U.S. added 165,000 jobs in October, nearly triple the expected 65,000.
Unemployment came in at 4.1%, while wage growth reached 0.4% month-over-month.
The bond market reacted:
• 2-year Treasury yield: 4.537%
• 10-year Treasury yield: 4.878%
Bitcoin, meanwhile, traded near $75,800 shortly after the release.
Here’s the interesting part:
Most of Bitcoin’s recent decline happened before the jobs report — not after it.
Stronger employment data may reinforce expectations of tighter Fed policy, but Bitcoin’s immediate reaction was relatively limited.
Is Bitcoin already pricing in macro risks, or is the next move still ahead?
#Bitcoin #NFP #FederalReserve #TreasuryYields #MarketWatch