🚨Robust U.S. Payrolls Impact Fed Rate Cut Outlook, Crypto Markets React

📌U.S. non-farm payrolls rose significantly, impacting Federal Reserve decisions.

📌Crypto markets face pressure from rate cut suspensions.

📌Employment data bolsters U.S. dollar strength, affecting BTC and ETH.

Unexpected data from the U.S. Bureau of Labor Statistics showed non-farm payrolls increased by 147,000 in June, far exceeding forecasts of 110,000. The Federal Reserve, in light of this, may reconsider rate cuts planned for July.

This strong payroll growth affects the financial market by reducing expectations for near-term rate cuts, impacting cryptocurrencies like Bitcoin and Ethereum due to investor sentiment shifts toward less speculative assets

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