The October jobs report blew past forecasts, per CNBC it was unexpectedly strong, thanks to three surprise factors. That kind of payroll boost usually keeps the Fed from easing, so we could see tighter money for a while. A firmer dollar squeezes crypto liquidity, which helps explain why $BTC is hovering at $74,311 (-0.43% 24h) and $ETH slipped to $2,094 (-1.40% 24h).
The Fear & Greed Index sits at 32 (Fear) and altcoins are feeling the chill, $SOL fell 2.05% to $84.64, BNB is flat at $688.67 (+0.47% 24h), while INIT exploded +64.47% to $0.2083. With rates likely staying high, will risk appetite stay low or turn bullish soon?
#Macro #Crypto #RiskAppetite
The Fear & Greed Index sits at 32 (Fear) and altcoins are feeling the chill, $SOL fell 2.05% to $84.64, BNB is flat at $688.67 (+0.47% 24h), while INIT exploded +64.47% to $0.2083. With rates likely staying high, will risk appetite stay low or turn bullish soon?
#Macro #Crypto #RiskAppetite
