Why the Jobs Report Didn’t Trigger a $100K Breakout

[ed]

While the labor data eased fears of a recession, it didn’t provide a strong catalyst for Bitcoin to push toward $100,000. Wage growth remains high enough to keep inflation pressures alive, giving the Federal Reserve little urgency to cut rates.

Bitcoin’s biggest rallies in this cycle have come when markets priced in falling interest rates and rising liquidity. Friday’s report instead points to a policy pause, which limits the odds of a rapid, liquidity-driven surge in the near term.

[cryptohog]

fed basically hearing this and going “yeah we’re not cutting yet”