Good news made Bitcoin fall. That sounds backwards — until you see the chain reaction. 📚
Jobs beat: 165,000 vs ~65,000 expected
December hike odds: ~77%, up from ~67% before the report
$BTC $76,053 (-0.18% in 24h) — after dipping to $74,762, its lowest since August
24h volume: ~$988M
Here is the link: strong jobs give the Fed room to keep rates high. High rates make money more expensive, and expensive money cools risk assets. That is why a great jobs number can push crypto down — traders are not reacting to the jobs, they are reacting to what the jobs mean for rates.
The twist: $BTC recovered to $76,000, $ETH $2,245.82 (+0.26%) and $BNB $694.62 barely moved on the day. Once the hike was priced in, the panic faded. Next test: October CPI on Tuesday.
What surprised you more this week — the jobs number itself, or how fast the market priced it in?
#Bitcoin #Crypto #Fed
Not financial advice.
Jobs beat: 165,000 vs ~65,000 expected
December hike odds: ~77%, up from ~67% before the report
$BTC $76,053 (-0.18% in 24h) — after dipping to $74,762, its lowest since August
24h volume: ~$988M
Here is the link: strong jobs give the Fed room to keep rates high. High rates make money more expensive, and expensive money cools risk assets. That is why a great jobs number can push crypto down — traders are not reacting to the jobs, they are reacting to what the jobs mean for rates.
The twist: $BTC recovered to $76,000, $ETH $2,245.82 (+0.26%) and $BNB $694.62 barely moved on the day. Once the hike was priced in, the panic faded. Next test: October CPI on Tuesday.
What surprised you more this week — the jobs number itself, or how fast the market priced it in?
#Bitcoin #Crypto #Fed
Not financial advice.
