U.S. jobs rose by 165,000 in October, well above the 59,000 forecast, and the unemployment rate fell to 4.1% versus an expected 4.2%, per CNBC. A tighter labor market may keep the Fed from cutting rates soon, which could curb liquidity for risk assets.
$BTC is at $76,006, down 0.51% in 24h, and $ETH at $2,235, off 1.40%. $BNB edged up 0.62% to $697.39 and SOL rose 0.30% to $90.68. The Fear & Greed Index slid to 28 (Fear) from 50, hinting at a more risk-averse mood.
Do you think higher rates will push crypto into a longer sideways phase?
#Macro #Crypto #Risk
$BTC is at $76,006, down 0.51% in 24h, and $ETH at $2,235, off 1.40%. $BNB edged up 0.62% to $697.39 and SOL rose 0.30% to $90.68. The Fear & Greed Index slid to 28 (Fear) from 50, hinting at a more risk-averse mood.
Do you think higher rates will push crypto into a longer sideways phase?
#Macro #Crypto #Risk
