The US jobs report for July showed growth of only 73,000 jobs, but the real shock was in record negative adjustments to May and June data totaling 258,000 jobs! This decline has only been seen before during the corona crisis, according to the Bureau of Labor Statistics.
📉 Economists at Bloomberg described it as a "black swan event" – a statistical move that is extremely rare, occurring only 0.2% of the time over 30 years.
👨💼 "Andrei Dragosh", Head of Research at Bitwise Europe, warned that continued decline may prompt the Fed to cut interest rates by 50 basis points in September, stating:
> "We are just one negative report away from a complete repricing of the Fed's policy. The printer is coming… #Bitcoin"
⚖️ Markets have started to price in these expectations: CME FedWatch tool shows a 91% chance of at least one rate cut in the September meeting.
📈 In the midst of this chaos, the first positive inflows into Bitcoin funds have been recorded in 4 days:
✅ +$91.6 million in inflows on August 7
❌ After losing $380 million over the past four days
In the end, the markets have become trapped between two contradictory options:
🔺 Monetary easing could push Bitcoin up
🔻 Or a new panic wave if negative surprises continue
📊 Bitcoin price at the time of writing the report: $116,359
📰 Source: Bloomberg