📉 Macro Data Shocks Markets — Crypto Reacts
The latest U.S. payroll revision (a downward adjustment of 911,000 jobs) sent ripples across global markets. Bitcoin traded in the low $111K–$112K range, while the broader crypto market saw a pullback, with some trackers estimating up to ‘$60B in value erased’.
This event reinforces a key reality:
📊 Crypto remains highly sensitive to macroeconomic data releases.
💵 Shifts in employment and interest rate expectations continue to shape sentiment.
🌐 Despite decentralization, digital assets move in step with global financial cycles.
Do you see this volatility as a short-term reaction or a sign of deeper correlation with traditional markets?
BTC
83,608.22
-7.50%
ETH
2,728.56
-8.45%
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