🚨 The U.S. created almost TRIPLE the number of jobs expected… and that’s putting the brakes on Bitcoin 👀
Good news for the economy, bad news for anyone hoping for cheap money.
🟠 Bitcoin (~76,000): At Friday’s close yesterday, it was reported that the U.S. added 165,000 jobs, compared with expectations of around 60,000. With the economy strong, the Fed has a clear path to raise interest rates in December (the probability is already close to 78%). Higher rates tend to weigh on crypto; that’s why BTC is still hovering around 76,000, and 75,000 is the floor to watch.
🔷 Ethereum (~2,240): Developers put the brakes on their next major upgrade, Glamsterdam, after tests revealed that some contracts could fail under the new fee calculation. No damage was done—it’s a precaution. The upgrade is delayed, but this shows that the network prefers safety over speed.
🔺 Avalanche (~8.30): Tokenized assets on its network now exceed $1.7 billion, and tokenized U.S. government bonds have quadrupled this year. The price is weak, but institutional money is still building on the network.
Strong jobs, high rates: cheap money will have to wait.
Are you buying at 76,000 or waiting to see what the Fed does? 👇
#Bitcoin #ETH #AVAX
Good news for the economy, bad news for anyone hoping for cheap money.
🟠 Bitcoin (~76,000): At Friday’s close yesterday, it was reported that the U.S. added 165,000 jobs, compared with expectations of around 60,000. With the economy strong, the Fed has a clear path to raise interest rates in December (the probability is already close to 78%). Higher rates tend to weigh on crypto; that’s why BTC is still hovering around 76,000, and 75,000 is the floor to watch.
🔷 Ethereum (~2,240): Developers put the brakes on their next major upgrade, Glamsterdam, after tests revealed that some contracts could fail under the new fee calculation. No damage was done—it’s a precaution. The upgrade is delayed, but this shows that the network prefers safety over speed.
🔺 Avalanche (~8.30): Tokenized assets on its network now exceed $1.7 billion, and tokenized U.S. government bonds have quadrupled this year. The price is weak, but institutional money is still building on the network.
Strong jobs, high rates: cheap money will have to wait.
Are you buying at 76,000 or waiting to see what the Fed does? 👇
#Bitcoin #ETH #AVAX
