A MUCH HIGHER-THAN-EXPECTED JOBS REPORT COULD BE A NIGHTMARE FOR CRYPTO INVESTORS
જ⁀➴
The market was caught off guard by the strength of the U.S. labor market.
165,000 jobs were created in October, while expectations were for just 65,000. Unemployment fell to 4.1 percent.
This picture of economic strength could force the Federal Reserve to keep interest rates high for longer. The immediate consequence is greater pressure and risk aversion in the cryptocurrency market.
$JCT
$AIOT
$HOT
#jobsreportraiseshikeodds
જ⁀➴
The market was caught off guard by the strength of the U.S. labor market.
165,000 jobs were created in October, while expectations were for just 65,000. Unemployment fell to 4.1 percent.
This picture of economic strength could force the Federal Reserve to keep interest rates high for longer. The immediate consequence is greater pressure and risk aversion in the cryptocurrency market.
$JCT
$AIOT
$HOT
#jobsreportraiseshikeodds
