The U.S. added 119K jobs, stronger than forecasts, while the unemployment rate declined.
This signals a still-resilient labor market despite tight monetary conditions.
Why it matters for crypto:
Strong jobs data can delay rate cuts, keeping liquidity tight — often creating short-term pressure on Bitcoin and risk assets. Markets will now closely watch the Fed’s next move. #USJobsData #BinanceBlockchainWeek #CPIWatch
Bitcoin’s famous four-year cycle is still alive, but its driving forces are changing. $BTC $ETH $BNB
According to Markus Thielen, analyst at 10x Research, the cycle has not disappeared. However, it is no longer primarily powered by the Bitcoin halving alone.