🚨 August’s nonfarm payrolls were brutal, and the market got completely blindsided!
New jobs came in at 162,000, while expectations were only 56,000. It was strong enough to instantly weaken the “rate-cut trade.”
Gold briefly plunged $70, while the dollar and U.S. Treasury yields rose at the same time.
What does this mean for BTC? Short-term pressure is here.
As the dollar and real interest rates rise together, BTC, this “digital gold,” naturally struggles.
ETH is even more vulnerable. With higher beta, once risk appetite declines, it often falls faster than BTC.
U.S. stocks are also under pressure, especially the Nasdaq and high-valuation tech stocks.
Oil is less straightforward: a strong dollar weighs on oil prices, but strong employment also means economic demand has not collapsed yet.
So the biggest variable right now is not a recession, but this: will the U.S. economy get strong enough to force the Fed to raise rates again?
What to watch next: CPI + speeches from Federal Reserve officials.
If inflation keeps rising, BTC, ETH, and U.S. stocks may face another round of valuation pressure.
Don’t rush to buy the dip yet. First see whether the dollar and U.S. Treasury yields can come back down. #美国8月新增就业16.2万近预期三倍 #美国8月非农数据今日公布 $BTC $ETH
New jobs came in at 162,000, while expectations were only 56,000. It was strong enough to instantly weaken the “rate-cut trade.”
Gold briefly plunged $70, while the dollar and U.S. Treasury yields rose at the same time.
What does this mean for BTC? Short-term pressure is here.
As the dollar and real interest rates rise together, BTC, this “digital gold,” naturally struggles.
ETH is even more vulnerable. With higher beta, once risk appetite declines, it often falls faster than BTC.
U.S. stocks are also under pressure, especially the Nasdaq and high-valuation tech stocks.
Oil is less straightforward: a strong dollar weighs on oil prices, but strong employment also means economic demand has not collapsed yet.
So the biggest variable right now is not a recession, but this: will the U.S. economy get strong enough to force the Fed to raise rates again?
What to watch next: CPI + speeches from Federal Reserve officials.
If inflation keeps rising, BTC, ETH, and U.S. stocks may face another round of valuation pressure.
Don’t rush to buy the dip yet. First see whether the dollar and U.S. Treasury yields can come back down. #美国8月新增就业16.2万近预期三倍 #美国8月非农数据今日公布 $BTC $ETH
