Labor Market

A new US labor market indicator is shifting towards neutral, signaling a potential economic cooldown. This could trigger short-term risk-off pressure on Bitcoin, but may pave the way for Federal Reserve easing, which could be beneficial in the medium term.

The US labor market is showing clear signs of strain, with layoffs surging to two-year highs. This economic weakening creates short-term headwinds for Bitcoin but could pressure the Federal Reserve into rate cuts, potentially offering medium-term support.