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Brothers, the moment last night’s non-farm payroll data came out, the crypto market instantly blew up.
Over in the US, the employment numbers were a complete disaster—only 57,000 were added, not even half of what was expected.
By all logic, with the economy this bad, everyone should be crying and complaining.
But it’s the opposite—BTC went straight from 58,000 to above 62,000, up more than 6%.
ETH followed and flew too, and even a stock like Strategy climbed by nearly 8%.
The market is in full celebration mode right now, with everyone shouting, “rate cuts are coming, and the bull market is back.”
But let’s be honest: the way this is going up just doesn’t feel right.
Think about it—if non-farm is this bad, it means companies aren’t hiring, people don’t have jobs, and consumption is definitely going to shrink.
In that situation, even if the Federal Reserve really cuts rates, that’s “life support,” not “good news.”