#USJobsData

US Jobs Report Out: Labor Market Cooling

Latest numbers from BLS (November data, released mid-December):

Nonfarm payrolls: +64K (better than expected 50K, but big slowdown after prior months)

Unemployment rate: 4.6% (up, highest since 2021)

Prior revision: October down heavily to -105K jobs (heavy federal cuts)

Impact on crypto:

Weaker jobs data raises odds for Fed rate cuts – more liquidity could support risk assets like BTC and alts.

Dollar often weakens on higher unemployment, which has correlated with BTC strength historically.

Short-term volatility likely as markets price this in.

BTC holding around $85K-87K support zone right now. Macro shift underway.

Buying dip or waiting?#CryptoNews #FedRateCut #WriteToEarn