STRONG JOBS DATA CAN BE BEARISH FOR BITCOIN—HERE’S WHY!
The US added 165,000 jobs in October against expectations of 65,000. Unemployment eased to 4.1%, while hourly earnings rose 0.4% month over month. A resilient labour market is good economic news, but it can reduce the urgency for rate cuts. For $BTC , the key question is whether inflation cools enough to offset this hawkish signal. Watch yields alongside spot flows.
The US added 165,000 jobs in October against expectations of 65,000. Unemployment eased to 4.1%, while hourly earnings rose 0.4% month over month. A resilient labour market is good economic news, but it can reduce the urgency for rate cuts. For $BTC , the key question is whether inflation cools enough to offset this hawkish signal. Watch yields alongside spot flows.