U.S. Jobs Report Just Dropped - Here's What Crypto Traders Need to Know
Feb 11 NFP Results:
Non-Farm Payrolls: 66K (Expected: 50K)
Unemployment: 4.4% (Steady)
Hourly Earnings: +0.3% (On target)
Stronger than expected jobs = Fed might hold rates higher for longer
This could mean:
Short-term pressure on risk assets (including BTC/ETH)
But labor market strength = economic resilience
Watch for liquidity shifts in the coming sessions
Expect some volatility. Strong jobs data typically strengthens the dollar and can create headwinds for crypto in the near term. BUT - if the market sees this as "Goldilocks" (not too hot, not too cold), we could stabilize quickly.
Stay sharp, hodlers. Macro still matters. 👀
