💥 Crypto Rodeo: Bitcoin soars to $108K after the U.S. labor market slump!
The decrease in private sector jobs in the U.S. (ADP) by 33,000 instead of the expected +100K has shaken the markets - and Bitcoin responded with a rise to $108,000, liquidating short positions (CoinGlass) 🔥. Key market figures - TheKingfisher, Matthew Hyland - note a "liquidity grab" at the $107-108K level and call for a new uptrend.
Economists at Bitwise, including Andre Dragosch, expect a quick rate cut from the Fed - as early as July. CME-FedWatch currently bets on September, but the weakness of the data creates a chance for an unexpected move. Even Donald Trump has called for a rate cut to 1% or lower - adding pressure to the market.
📌 Conclusion: labor market weakness is a powerful driver for BTC: price increase + liquidity grab + expectations of rate cuts. We are monitoring the Fed's reaction and movement through $108K - that's where everything is just beginning.
