🚨 US NFP DATA SHOCKS MARKETS — BTC REACTS! 🚨
$BTC
🇺🇸 September’s Non-Farm Payrolls came in at just 29K jobs, far below the 84K expected, while unemployment climbed to 4.2% vs 4.1% expected. 📉
Following the weak data, 10-year Treasury yields fell 0.77%, while Bitcoin pushed toward the $87K area. 👀
$ETH
So why can weak economic data support risk assets?
The softer labor market may reduce pressure for aggressive Fed policy and increase expectations around future monetary easing. Lower-rate expectations can improve liquidity conditions and keep higher-risk assets like crypto in focus. 💧🔥
For traders, the key now is how the Fed reacts to the weakening labor data and whether rate-cut expectations continue building.
$XRP
#NFPWatch #bitcoin #BitcoinFundingRateTriplesTo10% #XRPPostsFirstThreeGreenMonthsInQ3 #USSeptemberPayrollsAdd29KUnemploymentRises4.2%
$BTC
🇺🇸 September’s Non-Farm Payrolls came in at just 29K jobs, far below the 84K expected, while unemployment climbed to 4.2% vs 4.1% expected. 📉
Following the weak data, 10-year Treasury yields fell 0.77%, while Bitcoin pushed toward the $87K area. 👀
$ETH
So why can weak economic data support risk assets?
The softer labor market may reduce pressure for aggressive Fed policy and increase expectations around future monetary easing. Lower-rate expectations can improve liquidity conditions and keep higher-risk assets like crypto in focus. 💧🔥
For traders, the key now is how the Fed reacts to the weakening labor data and whether rate-cut expectations continue building.
$XRP
#NFPWatch #bitcoin #BitcoinFundingRateTriplesTo10% #XRPPostsFirstThreeGreenMonthsInQ3 #USSeptemberPayrollsAdd29KUnemploymentRises4.2%