US Job Crisis: Will Fed Rate Cuts CRUSH Crypto? 3 Risks for Bitcoin NOW!
Did you know that US layoffs surged in October to their highest level since 2003? This dramatic shift in the US labor market, marked by rising job insecurity and slowing hiring, is intensifying expectations for a Federal Reserve rate cut as early as December. Consequently, this pivotal change could significantly impact Bitcoin and Ethereum, which are already grappling with fragile liquidity conditions after recent market shocks. While on-chain metrics show some signs of stabilization, with seller exhaustion evident, the practice of borrowing against Bitcoin introduces new latent liquidation risks. Therefore, the coming months present a precarious balance for digital assets, making it crucial to stay informed. Make sure to subscribe to our channel for the latest insights into these evolving financial dynamics.
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