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Alt season coming?
The US jobs report came in way weaker than expected: only 22k jobs added in August and unemployment up to 4.3%.
1️⃣ Jobs miss
Economists expected way more hiring. The weak print confirms the labor market is losing steam fast.
2️⃣ Market reaction
Markets immediately priced in Fed cuts for Sept. 17, most expect 25bps, some even 50bps.
💡 What’s next for crypto?
Lower rates = cheaper money. If the Fed does cut, risk assets like BTC and ETH could continue rising.
Expect a lot of volatility, but imo we will see one of the craziest alt season next year.