Bitcoin Takes a Hit as US Data Surprises! 😱

Fresh US economic data has flipped market sentiment upside down — and crypto traders are feeling the heat.

📊 Key Numbers Shaking the Market:

Jobless claims: 218,000 vs. 235,000 expected → labor market still strong 💪

GDP growth (Q2): 3.8% vs. 3.3% forecast → US economy running hotter than expected 🔥

💡 Market Impact:

With such resilience in the economy, bets on a Federal Reserve interest rate cut have cooled down.

October rate cut odds: 92% → 81.2%

December rate cut odds: 73% → 58.8%

⚡ Crypto Feels the Shock:

Bitcoin ($BTC ): sinks under $111K, lowest in two weeks 📉

Ethereum ($ETH ): slips beneath $4K, now at $3,924

👉 Stronger US data means inflation concerns linger — pushing risk assets like crypto under pressure.

🤔 The Big Question:

Is this just a healthy pullback giving buyers another chance, or the early stages of a deeper correction?

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