Crypto’s “Calm Friday” Myth Just Got Smoked
Friday wasn’t going to be a quiet session — and pretending it would be is how traders get punished. Two macro triggers were lined up: U.S. jobs data and a Supreme Court-related tariffs headline that had people bracing for a market-moving ruling.
The jobs print landed in that annoying “mixed” zone: payroll growth was soft, while unemployment looked slightly better than expected. That’s the kind of combo that yanks rate expectations in both directions, jolts the dollar, and then spills straight into crypto volatility.
On tariffs, the market got the worst outcome for positioning: uncertainty stayed alive. Traders love betting on binary legal headlines, but when the outcome is delayed or unclear, you don’t get resolution — you get whipsaw.
Crypto was already acting like risk appetite had cracks. BTC was hovering around the low-$90Ks, majors were mostly choppy, SOL showed relative strength, and ETFs weren’t exactly screaming “risk-on.” Net: volatility wasn’t a surprise — it was the obvious bill coming due.
#tarrifs #UnemploymentRate #RateCutExpectations #cpi #WriteToEarnUpgrade
