Fresh macro data from the US made crypto bulls start screaming again about an imminent rate cut by the Fed and an inevitable rally.
The June jobs report was indeed weak: the number of new jobs (Nonfarm Payrolls) came in at just 57 thousand versus the expected 114 thousand. In addition, the May and April figures were revised downward by a total of 74 thousand. At the same time, the unemployment rate unexpectedly fell to 4.2% (the forecast was 4.3%).
Traders have already interpreted this as a “moderately bullish” signal for $BTC , expecting that easing Fed policy will push liquidity into risk assets. But don’t rush to open longs with your whole bankroll.
A weak labor market is not just a reason to cut the rate—it’s a direct indicator of economic cooling and recession risk. And during recessions, big capital flees into cash rather than altcoins.
Falling unemployment alongside weak hiring, in general, suggests that people are simply dropping out of the labor force. There’s nothing to celebrate here—the market is squeezed between the jaws of inflation and stagnation.
If you want sober analysis without amateur calls to buy every macro headline—follow @MoonMan567
The June jobs report was indeed weak: the number of new jobs (Nonfarm Payrolls) came in at just 57 thousand versus the expected 114 thousand. In addition, the May and April figures were revised downward by a total of 74 thousand. At the same time, the unemployment rate unexpectedly fell to 4.2% (the forecast was 4.3%).
Traders have already interpreted this as a “moderately bullish” signal for $BTC , expecting that easing Fed policy will push liquidity into risk assets. But don’t rush to open longs with your whole bankroll.
A weak labor market is not just a reason to cut the rate—it’s a direct indicator of economic cooling and recession risk. And during recessions, big capital flees into cash rather than altcoins.
Falling unemployment alongside weak hiring, in general, suggests that people are simply dropping out of the labor force. There’s nothing to celebrate here—the market is squeezed between the jaws of inflation and stagnation.
If you want sober analysis without amateur calls to buy every macro headline—follow @MoonMan567