Why is bitcoin going down? 🤔
💸 $835 billion vanished from the gold, silver, and crypto markets.
The reason?
📊 US jobs data came in much stronger than expected.
💪 Strong labor market = the economy doesn’t need rate cuts.
👀 Traders are now pricing in a higher chance of a rate hike instead of a Fed cut.
💸 $835 billion vanished from the gold, silver, and crypto markets.
The reason?
📊 US jobs data came in much stronger than expected.
💪 Strong labor market = the economy doesn’t need rate cuts.
👀 Traders are now pricing in a higher chance of a rate hike instead of a Fed cut.