😱🚨 Bitcoin Drops After Strong US Data! Fed Outlook Shifts! 🩸❗
📊 Weekly jobless claims came in lower than forecast:
Reported: 218K vs. expected 235K → Labor market remains firm.
📈 Q2 GDP growth: 3.8% vs. expected 3.3% → Economy stronger than anticipated.
💡 Impact: Odds of Fed rate cuts are falling.
October cut probability: from 92% → 81.2%
December cut probability: from 73% → 58.8%
⚡ Crypto reaction:
Bitcoin (BTC) slips under $111K for the first time in two weeks 🚨
Ethereum (ETH) retreats below $4K, now at $3,924
📌 Takeaway: Strong US economy = higher inflation risks = selling pressure on crypto.
👉 Is this just a healthy dip to buy, or the early stage of a deeper crash? 🤔
(Not financial advice)
#CryptoUpdate #BTC #ETH #MarketPullback #RateCuts
📊 Weekly jobless claims came in lower than forecast:
Reported: 218K vs. expected 235K → Labor market remains firm.
📈 Q2 GDP growth: 3.8% vs. expected 3.3% → Economy stronger than anticipated.
💡 Impact: Odds of Fed rate cuts are falling.
October cut probability: from 92% → 81.2%
December cut probability: from 73% → 58.8%
⚡ Crypto reaction:
Bitcoin (BTC) slips under $111K for the first time in two weeks 🚨
Ethereum (ETH) retreats below $4K, now at $3,924
📌 Takeaway: Strong US economy = higher inflation risks = selling pressure on crypto.
👉 Is this just a healthy dip to buy, or the early stage of a deeper crash? 🤔
(Not financial advice)
#CryptoUpdate #BTC #ETH #MarketPullback #RateCuts