STRONG US JOBS DATA PUTS CRYPTO UNDER PRESSURE!
The US October jobs report surprised markets, with employers adding 165,000 jobs while unemployment fell to 4.1%. This stronger-than-expected labor market has pushed expectations of a December Federal Reserve rate hike higher, with traders pricing in roughly an 80% probability of a 0.25% increase. Higher interest rates could strengthen the dollar and Treasury yields, potentially putting pressure on Bitcoin and risk assets. All eyes are now on inflation data and the Fed’s next move. Is this a bearish signal for crypto?
#jobsreportraiseshikeodds $BTC
The US October jobs report surprised markets, with employers adding 165,000 jobs while unemployment fell to 4.1%. This stronger-than-expected labor market has pushed expectations of a December Federal Reserve rate hike higher, with traders pricing in roughly an 80% probability of a 0.25% increase. Higher interest rates could strengthen the dollar and Treasury yields, potentially putting pressure on Bitcoin and risk assets. All eyes are now on inflation data and the Fed’s next move. Is this a bearish signal for crypto?
#jobsreportraiseshikeodds $BTC
