Unexpected job numbers in the US shook risk appetite in the crypto industry

The US job figures exceeded expectations, reigniting talks of a new cycle of Fed policy tightening and instantly spoiling the mood for BTC and ETH. The market's immediate reaction was a moderate decline, but the main narrative now is a higher-rate environment that could stifle speculative flows.

My view: Bitcoin's growth potential depends on a quick reversal towards risk reduction — if inflation data cools down, the Fed may pause, and cryptocurrencies could regain risk-oriented capital. Conversely, continued tight policy will deepen the yield gap, make the thesis of BTC as "digital gold" less convincing, and likely lead to financial difficulties as ETH transitions to PoS. I lean towards a cautious bearish sentiment until the Fed signals a slowdown.

⚡ Expectations of higher rates are now the main obstacle for cryptocurrencies, overshadowing short-term technical optimism.