#USNonFarmPayrollReport The November jobs report finally landed this week, delayed by that messy government shutdown. They added just 64,000 nonfarm jobs—better than the skimpy 50,000 folks were bracing for, but still pretty anemic. Unemployment ticked up to 4.6 percent though, the highest in four years. October was worse, with a net loss of around 105,000, mostly federal workers heading out the door.

It's this weird split signal. The headline beat strengthens the dollar a touch short-term, pushing back on aggressive rate cut bets. Bitcoin felt it initially, dipping amid the nerves, but it's hovering around $88,000 now. Stronger jobs mean less urgency for the Fed to ease, so risk assets like alts could see some pressure, maybe 5-10 percent pullbacks if sentiment sours.

Yet that unemployment jump? It's a clearer sign of softening. Some blame survey glitches from the shutdown, sure, but doves will argue it keeps the door open for more cuts next year—easier money eventually weakening the dollar and lifting crypto. We've seen this before; weak labor data has sparked rallies, even if not right away.

Volatility's the name of the game on these releases—liquidations pile up quick. With BTC in the high 80s, watch support around $83,000; hold there, and we could rebound toward $94,000 or higher. Overall, not a clean pivot, but the liquidity angle still favors crypto longer-term if the labor market keeps cooling. You riding it out or trading the swings?