US NFP Blowout: Jobs Market Crushes Expectations!
The latest US Non-Farm Payrolls (NFP) report for January 2026 has just dropped, and it is a massive "blowout" that has caught the entire market off guard!
The Key Numbers:
Actual: +130,000 jobs (Highest since late 2024!)
Forecast: ~70,000 jobs
Unemployment Rate: Dropped to 4.3% (Expected 4.4%)
Wage Growth: Jumped 0.4% MoM
What This Means for Crypto:
A stronger-than-expected labor market usually means the Federal Reserve will be in no rush to cut interest rates. Higher-for-longer rates typically create a "risk-off" environment, putting pressure on
$BTC and
$ETH as the US Dollar (DXY) gains strength.
$BTC : Currently testing local support levels near $66,500 as traders digest the hawkish shift.
$ETH : Seeing increased volatility; eyes are on the $2,300 range to see if buyers step in.
Market Sentiment: The "Fed Pivot" hopes for March are fading fast, with markets now pricing in the first potential cut for July 2026.
Trader’s Strategy:
Volatility is the name of the game today. With the $DXY surging, watch out for "stop-hunting" in both directions. If the $S&P500 stays resilient despite the news, we could see a "buy the dip" opportunity for crypto as the "US Economic Strength" narrative takes over.
Stay sharp and manage your risk!
#writetoearn #NFP #bitcoin #Ethereum #Fed