🇺🇸 US Unemployment Update
The unemployment rate has risen to 4.6%, slightly above market expectations of 4.4%, signaling early signs of weakness in the US labor market.
This softer employment data could increase pressure on the Federal Reserve to adopt a more accommodative stance in the coming months. Such a shift may provide support for risk assets, including equities and cryptocurrencies.
📊 Market Snapshot:
• DOT: experiencing a minor pullback
• XRP: showing relative strength
• ADA: facing short-term weakness amid broader macro uncertainty
Overall, the macro environment is beginning to favor a potential risk-on setup if the Fed turns more dovish.
