🚨 165,000 JOBS JUST SMASHED THE 59,000 FORECAST — BUT $BTC IS STILL STUCK UNDER 76,000 USD! ⚠️
The October jobs report landed hot: 165,000 new jobs vs just 59,000 expected — nearly triple the forecast. Unemployment dipped to 4.1% and wages grew 3.1% year-on-year, both beating estimates. September was revised up to 60,000 from 29,000.
$BTC spiked above 76,100 USD on the print, then slid to about 75,200 USD before settling near 75,733 USD. $ETH sits at 2,229 USD while $SOL held 90 USD — the market froze on the same number.
Here's the catch:
📉 December Fed hike odds jumped to about 79% from around 70%, and the 10-year yield rose to 4.894% — hot jobs mean tighter money for longer.
📊 Fear & Greed crashed to 28 Fear from 50 Neutral yesterday — sentiment flipped in a day.
💧 About 468 million USD in leveraged positions was liquidated in 24 hours, and US spot $BTC ETFs lost 430 million USD on Thursday alone.
Hot jobs = a strong economy = the Fed has less reason to ease. That is why $BTC lagged the Nasdaq's 2% bounce.
Will the December hike decision decide Bitcoin's next big move — or is 75,000 USD the line that matters most? 👇
Not financial advice — educational purposes only.
#JobsReportRaisesHikeOdds #Bitcoin #crypto #Ethereum
The October jobs report landed hot: 165,000 new jobs vs just 59,000 expected — nearly triple the forecast. Unemployment dipped to 4.1% and wages grew 3.1% year-on-year, both beating estimates. September was revised up to 60,000 from 29,000.
$BTC spiked above 76,100 USD on the print, then slid to about 75,200 USD before settling near 75,733 USD. $ETH sits at 2,229 USD while $SOL held 90 USD — the market froze on the same number.
Here's the catch:
📉 December Fed hike odds jumped to about 79% from around 70%, and the 10-year yield rose to 4.894% — hot jobs mean tighter money for longer.
📊 Fear & Greed crashed to 28 Fear from 50 Neutral yesterday — sentiment flipped in a day.
💧 About 468 million USD in leveraged positions was liquidated in 24 hours, and US spot $BTC ETFs lost 430 million USD on Thursday alone.
Hot jobs = a strong economy = the Fed has less reason to ease. That is why $BTC lagged the Nasdaq's 2% bounce.
Will the December hike decision decide Bitcoin's next big move — or is 75,000 USD the line that matters most? 👇
Not financial advice — educational purposes only.
#JobsReportRaisesHikeOdds #Bitcoin #crypto #Ethereum
