Another Big Macro Week Is Here: 3 Events That Could Move Bitcoin
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The US jobs report unexpectedly showed a loss of 23,000 jobs in July versus expectations for about 80,000 hires and prior months were revised sharply lower, signaling a weakening labor market. Markets initially viewed this as supportive for risk assets and crypto by reducing the case for further Fed tightening, but an unspecified obstacle and upcoming data this week could limit near-term upside for DeFi, DEXs and broader crypto adoption.
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The previous business week ended with a bit of a surprise as the jobs report showed that the US economy had lost 23,000 jobs in July, compared to expectations for roughly 80,000 new positions.
Previous months were revised sharply lower as well, solidifying the argument that the labor market is finally weakening. Although this was initially interpreted as good news for risk assets since a softer economy gives the Fed less reason to tighten monetary policy further, one big obstacle remains, and more light will be shed on it this week.
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Criptomonedas
$ 63.87K
-1.99%
$ 0.00167
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En esta nota
Criptomonedas
$ 63.87K
-1.99%$ 0.00167
Mercados de predicciones
Vea en qué se centran los traders
Compartir:
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