🚨 U.S. JOB DATA SHOCKS THE MARKETS 📊
U.S. payrolls rose by 162,000 in August, far above the ~56,000 expected, while unemployment held steady at 4.1%. The strong report increased expectations of a Fed rate hike, pressuring risk assets and cryptocurrencies.
👀 xrp, ada & SUI may continue to be sensitive to the change in rate expectations.
🎯 TRADING VIEW: BUY
Strong employment data + higher interest rate expectations is currently a macro bearish signal for cryptocurrencies.
❓ Will cryptocurrencies face further declines due to Fed pressure?"CLICK THE YELLOW COIN TAG BELOW TO GO TO THE DESIRED TRADING PAGE AND GET BENEFIT IN THE OPERATION" $ADA $XRP
U.S. payrolls rose by 162,000 in August, far above the ~56,000 expected, while unemployment held steady at 4.1%. The strong report increased expectations of a Fed rate hike, pressuring risk assets and cryptocurrencies.
👀 xrp, ada & SUI may continue to be sensitive to the change in rate expectations.
🎯 TRADING VIEW: BUY
Strong employment data + higher interest rate expectations is currently a macro bearish signal for cryptocurrencies.
❓ Will cryptocurrencies face further declines due to Fed pressure?"CLICK THE YELLOW COIN TAG BELOW TO GO TO THE DESIRED TRADING PAGE AND GET BENEFIT IN THE OPERATION" $ADA $XRP