#NFPWatch The June U.S. Non-Farm Payrolls (NFP) report posted 206K new jobs, slightly above expectations but below May’s revised 218K. Unemployment ticked up to 4.1%, signaling a cooling labor market. Average hourly earnings rose 0.3%, easing inflation concerns. Crypto markets reacted positively, with Bitcoin briefly reclaiming $59K as traders priced in higher odds of a Fed rate cut in September. A softer jobs print reinforces the “bad news is good news” narrative for risk assets. Market participants now await CPI data and further Fed signals. Stay tuned—macro remains a key driver for crypto volatility.

#Binance #CryptoNews #Bitcoin #Macroeconomics