#ADPJulyPrivatePayrollsMissedExpectations The slowdown in hiring in the private sector during July confirms a cooling in the US economy 📊
Although at first glance this seems like a negative figure for traditional markets, in the crypto sector the reading is often different: weak employment increases the odds that the Federal Reserve will cut interest rates soon.
With lower returns in traditional markets and more liquidity on the way, capital tends to seek refuge and returns in risk assets like Bitcoin and the crypto market. 🚀
Do you see this data as a bullish catalyst for the coming weeks, or do you think recession risk could weigh more? 👇
Although at first glance this seems like a negative figure for traditional markets, in the crypto sector the reading is often different: weak employment increases the odds that the Federal Reserve will cut interest rates soon.
With lower returns in traditional markets and more liquidity on the way, capital tends to seek refuge and returns in risk assets like Bitcoin and the crypto market. 🚀
Do you see this data as a bullish catalyst for the coming weeks, or do you think recession risk could weigh more? 👇