How does a weakening US labor market really affect Bitcoin and crypto prices? In this video, we break down why a âsoftening, not collapsingâ US jobs market is putting pressure on Bitcoin and the broader crypto space â” and what traders should actually watch in the data. ð” What youâll learn: – The current state of the US labor market: rising unemployment, slower payrolls, weaker job openings. – Why nonfarm payrolls, unemployment rate and wage growth matter for risk assets like Bitcoin. – How labor data feeds into Federal Reserve rate expectations and liquidity conditions. – The two main macro channels from weak jobs data to crypto: growth fears vs easier policy and liquidity. – Recent examples of how Bitcoin has traded around jobs surprises and Fed repricing. – A simple macro dash
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