🚀 BTC SURGE: Strong Labor Data Flips the Script! 🚨
The macro landscape just shifted, and the market reaction was explosive! The U.S. added 130,000 jobs in January—crushing the 66,000 estimate. With unemployment dipping to 4.3%, the "recession" talk is cooling fast, giving way to a massive Risk-On rally.
📉 The Quick Stats:
Actual Payrolls: 130k (vs. 66k expected) 📈
Unemployment Rate: 4.3% (vs. 4.4% forecast) 📉
BTC Movement: Ripped $2,400 off the daily low to reclaim $68,000!
💡 Why This Matters for Crypto:
Stronger labor data proves economic resilience. While it might make the Fed pause on aggressive rate cuts, it removes the immediate "hard landing" fear. Investors are rotating capital back into high-beta assets like $BTC .
The Big Question: Can we hold the $68k support, or will "hotter" data keep interest rates higher for longer?
Is this the spark for the next leg up to $75k? Let me know your thoughts in the comments! 👇
Follow for the sharpest market updates! 🔔