๐จ FED ODDS JUST SHIFTED HARD ๐
The latest U.S. jobs data just changed the rate-cutโฆ and cryptoโฆ conversation. ๐๐บ๐ธ
๐ October Fed hike odds: 28% โ 17%
๐ฆ No-change odds: 72% โ 83%
๐ท September payrolls: just 29K
๐ Unemployment: 4.2%
That means traders are now pricing in a much lower chance of another rate hike this month.
And hereโs where crypto gets interestingโฆ ๐
Lower tightening expectations can improve the liquidity backdrop for risk assets โ but inflation and future economic data can still change the picture.
BTC traders are watching closely. โฟ๐ฅ
Will this become a tailwind for crypto? ๐ค
#Bitcoin #BTC #Crypto #Fed #FederalReserve #CryptoNews #BinanceSquare
The latest U.S. jobs data just changed the rate-cutโฆ and cryptoโฆ conversation. ๐๐บ๐ธ
๐ October Fed hike odds: 28% โ 17%
๐ฆ No-change odds: 72% โ 83%
๐ท September payrolls: just 29K
๐ Unemployment: 4.2%
That means traders are now pricing in a much lower chance of another rate hike this month.
And hereโs where crypto gets interestingโฆ ๐
Lower tightening expectations can improve the liquidity backdrop for risk assets โ but inflation and future economic data can still change the picture.
BTC traders are watching closely. โฟ๐ฅ
Will this become a tailwind for crypto? ๐ค
#Bitcoin #BTC #Crypto #Fed #FederalReserve #CryptoNews #BinanceSquare
