As soon as the non-farm payroll data was released, $BTC plunged sharply. It had been falling in a straight line from 8.1w, dropping to around 7.9w at its lowest point.
This non-farm employment data came in far above expectations, indicating that the U.S. job market is stronger than anticipated; this data has greatly increased the probability of a Fed rate hike in September.
As a risk asset, BTC came under pressure first, so the price plunge is understandable.
The U.S. stock market is about to open, and U.S. capital is about to join the battle; the subsequent trend is likely to be quite interesting 😆
This non-farm employment data came in far above expectations, indicating that the U.S. job market is stronger than anticipated; this data has greatly increased the probability of a Fed rate hike in September.
As a risk asset, BTC came under pressure first, so the price plunge is understandable.
The U.S. stock market is about to open, and U.S. capital is about to join the battle; the subsequent trend is likely to be quite interesting 😆
