U.S. unemployment came in at 4.4%, slightly better than the 4.5% that markets were expecting. This points to a modest improvement in the labor market, though unemployment is still above the level the Federal Reserve is comfortable with. As a result, interest rate cuts are still uncertain.
For crypto markets, this environment may bring short-term volatility while broader macro uncertainty continues. Liquidity conditions and signals from the Fed will remain key drivers for Bitcoin’s direction.
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