🧨 #NFPWatch shakes up the crypto market: Bitcoin reacts to the U.S. labor data!
The employment report in the U.S. exceeded expectations this July 3rd: more jobs were added than expected, creating uncertainty in risk assets.
🔻 Bitcoin briefly dropped to $108K before regaining momentum towards $110K.
📉 Altcoins showed moderate declines as traders speculate on a possible change in the Fed's interest rate policy.
💵 A strong labor market could delay interest rate cuts… and that scares the crypto bulls!
👉 Investors are now watching for Powell's next move. Will there be extra volatility?
Crypto doesn't sleep. The U.S. labor market doesn't either.
