In this video, we break down how a softening but not collapsing US labor market is putting pressure on Bitcoin and the broader crypto market. Youâll learn: – Why rising unemployment and slower nonfarm payroll gains are flashing caution for risk assets like Bitcoin and altcoins. – How labor data such as the unemployment rate, wage growth, JOLTS job openings, and weekly jobless claims feed into Federal Reserve rate cut expectations and liquidity conditions. – The two main channels from weaker jobs data to crypto: the growth risk channel (risk-off, deâ’leveraging) and the liquidity/rates channel (rate cuts, lower yields, easier financial conditions). – Recent examples of how Bitcoin has traded around upside and downside payroll surprises, including short-term volatility, liquidations, and
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