UnemploymentData
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🔶 This is bullish for #BTC and #crypto 🤑
The probability of a 50 BPS rate cut in September has jumped to 41%.
🔶 Now, the focus is on Friday when the #unemploymentdata will come 👀
⬆️ If it comes higher than expected, a 50 BPS rate cut could happen.
⬇️ In case it comes lower than expected, a 25 BPS rate cut will happen.
The probability of a 50 BPS rate cut in September has jumped to 41%.
🔶 Now, the focus is on Friday when the #unemploymentdata will come 👀
⬆️ If it comes higher than expected, a 50 BPS rate cut could happen.
⬇️ In case it comes lower than expected, a 25 BPS rate cut will happen.