๐ US Jobs Report: Bullish or Bearish for Crypto?
The latest US Jobs Data for December is officially out, and itโs sending mixed signals through the markets. With over 360k people following the trend, here is the breakdown you need:
The Numbers:
Payrolls: +50,000 jobs (Missed the 60k-70k forecast).
Unemployment: Dropped to 4.4% (Beat the 4.5% forecast).
Context: This was the weakest year for US job growth since 2020.
The Crypto Takeaway: A cooling job market typically strengthens the case for Federal Reserve rate cuts, which is a massive "green light" for Bitcoin and altcoins. However, the surprise drop in unemployment shows the economy isn't "breaking" just yet, leading to sideways trading for BTC around the $90k mark.
๐ก Pro Tip: Watch the US Dollar Index ($DXY). If the dollar weakens on this news, expect a liquidity boost for crypto assets!
Your Move: Are we looking at a "Goldilocks" pump or more sideways chop?
๐ Comment your BTC price prediction for the end of the week!
