#usinitialjoblessclaimsbelowforecast
Jobless claims dropped – why did crypto dump?
Then why did $BTC drop from $75K to $73K right after?
BTCUSDT
Trvl
80,697.3
+0.36%
Simple answer:
Strong jobs = Fed won't cut rates = crypto feels the pain.
Over $120M in longs got liquidated. Ouch.
My take:
Good for economy. Bad for rate cuts. Market confused.
You buying this dip or waiting?
Educational only. Not financial advice.