CryptoWorld News: The U.S. non-farm payrolls data has been released, with 172,000 new jobs added, compared to an expected 80,000 and a forecast of 115,000. The higher-than-expected employment figures indicate a strong labor market, which is generally seen as a hawkish signal, reducing the likelihood of the Federal Reserve cutting interest rates, often pushing up Treasury yields and the dollar, and putting pressure on risk assets such as stocks and cryptocurrencies (BTC/ETH).

BTC-3.45%
ETH-9.55%
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GaslightSamurai
· 2h ago
172k vs 80k expectations, that's such a big gap... Powell is going to be hawkish again tonight.
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KiteAndBlock
· 12h ago
The job market is overheating, and the Federal Reserve is expected to stick to its hawkish stance, putting short-term pressure on BTC.
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MosaicBowtieRealm
· 12h ago
Hawkish signals confirmed, but the market has already priced in quite a bit; let's see if it can bounce back.
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AMirroredSphereReflectingThe
· 12h ago
The non-farm data is so strong that the expectation of interest rate cuts has been completely wiped out.
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DeepBlueStakingStone
· 12h ago
Once this data is released, the probability of a rate cut in December is expected to plummet; consider reducing positions and observing.
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BluePeonyPrincipalProtection
· 12h ago
Classic script: Good data → No rate cut → Dollar rises → Coins fall, I'm done
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