Why is bitcoin going down? ๐ค
๐ธ $835 billion vanished from the gold, silver, and crypto markets.
The reason?
๐ US jobs data came in much stronger than expected.
๐ช Strong labor market = the economy doesnโt need rate cuts.
๐ Traders are now pricing in a higher chance of a rate hike instead of a Fed cut.
๐ธ $835 billion vanished from the gold, silver, and crypto markets.
The reason?
๐ US jobs data came in much stronger than expected.
๐ช Strong labor market = the economy doesnโt need rate cuts.
๐ Traders are now pricing in a higher chance of a rate hike instead of a Fed cut.