Macro· ★★★★· neutral·

US hiring falls to lowest since 2011 — a signal for Bitcoin ahead of the Fed meeting

  • —90,787 hires announced in September, down 23% from 117,313 a year earlier
  • —BLS: US economy added just 29,000 jobs, unemployment rose to 4.2%
  • —Revisions erased 60,000 jobs across July and August, with July turning negative
  • —The Fed hiked rates on September 16 to 3.75–4%; next meeting is October 28
Why it matters: A cooling labor market lowers the odds of another rate hike, typically supportive for Bitcoin, but recession risk weighs on risk assets.
#BTC
Source: Journal du Coin
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