US JOBS FELL BY 23,000. WHY BITCOIN STILL WENT UP ๐จ๐๐
On 7 August 2026, the US said it lost 23,000 jobs in July. Markets expected about 80,000. Weaker hiring than expected is a short-term bullish indicator for crypto. ๐ง๐ข
This is nonfarm payrolls (a monthly count of jobs outside farming).
When hiring is strong, the Fed can raise rates to slow the economy and curb inflation. When hiring is weak, the Fed has less reason to raise rates soon.
Fed main rate still 3.50% to 3.75% (held 29 July). Three voters wanted +0.25%. Inflation is still too high. Short-term less hike fear is bullish; full easy-money cuts are not locked in. ๐ก
Other numbers ๐
1๏ธโฃ Jobless claims (weekly new filings for unemployment money after a job loss): 199,000 vs about 226,000 a year ago. Big layoffs are not exploding. For crypto: mixed to soft bullish. ๐ขโ๏ธ
2๏ธโฃ Unemployment rate (monthly % of people who want a job and do not have one): 4.1% in July (4.2% in June). For crypto: mild bullish if the Fed needs fewer hikes. ๐ข
3๏ธโฃ May + June job gains revised lower by 103,000. Soft labor = less near-term hike pressure. For crypto: short-term bullish. ๐ข๐
4๏ธโฃ Sahm rule (recession alarm) near -0.03 vs 0.50 trigger. Soft jobs, not full recession panic. For crypto: soft bullish. ๐ข
September rate-hike odds fell from about 55% to about 40%โ46%. Lower hike odds = short-term bullish for Bitcoin and risk markets. ๐
Bitcoin near about $65,000 after a relief bid (people bought because hike fear got smaller). Short-term: bullish relief. Longer-term: not fully bullish until inflation cools. ๐ช๐ขโก๏ธ๐ก
Did weak jobs only bounce Bitcoin once, or keep cutting September hike odds? ๐
#Crypto #Bitcoin #NFP #Fed #JobsReport
On 7 August 2026, the US said it lost 23,000 jobs in July. Markets expected about 80,000. Weaker hiring than expected is a short-term bullish indicator for crypto. ๐ง๐ข
This is nonfarm payrolls (a monthly count of jobs outside farming).
When hiring is strong, the Fed can raise rates to slow the economy and curb inflation. When hiring is weak, the Fed has less reason to raise rates soon.
Fed main rate still 3.50% to 3.75% (held 29 July). Three voters wanted +0.25%. Inflation is still too high. Short-term less hike fear is bullish; full easy-money cuts are not locked in. ๐ก
Other numbers ๐
1๏ธโฃ Jobless claims (weekly new filings for unemployment money after a job loss): 199,000 vs about 226,000 a year ago. Big layoffs are not exploding. For crypto: mixed to soft bullish. ๐ขโ๏ธ
2๏ธโฃ Unemployment rate (monthly % of people who want a job and do not have one): 4.1% in July (4.2% in June). For crypto: mild bullish if the Fed needs fewer hikes. ๐ข
3๏ธโฃ May + June job gains revised lower by 103,000. Soft labor = less near-term hike pressure. For crypto: short-term bullish. ๐ข๐
4๏ธโฃ Sahm rule (recession alarm) near -0.03 vs 0.50 trigger. Soft jobs, not full recession panic. For crypto: soft bullish. ๐ข
September rate-hike odds fell from about 55% to about 40%โ46%. Lower hike odds = short-term bullish for Bitcoin and risk markets. ๐
Bitcoin near about $65,000 after a relief bid (people bought because hike fear got smaller). Short-term: bullish relief. Longer-term: not fully bullish until inflation cools. ๐ช๐ขโก๏ธ๐ก
Did weak jobs only bounce Bitcoin once, or keep cutting September hike odds? ๐
#Crypto #Bitcoin #NFP #Fed #JobsReport