Just now, a sudden good news! Bitcoin rose 1% in 5 minutes, regaining 60,000 US dollars!
The macro data is here. The unemployment rate in the United States rose to 3.9% in April, and the market expected it to be 3.8%. In addition, in terms of non-farm payrolls, the seasonally adjusted non-farm payrolls in the United States in April were 175,000, with an expected 243,000 and a previous value of 303,000. It is the lowest since October 2023, lower than the expected 243,000.
The rising unemployment rate and lower-than-expected non-farm payrolls will force the Federal Reserve to cut interest rates, which is really good for crypto assets. The first interest rate cut this year was originally expected to be in November, and it seems that there is a high probability that it can be advanced to September.
However, compared with employment data, the market is currently more concerned about inflation. The inflation data for April will be announced on May 14 (PPI), May 15 (CPI) and May 31 (PCE prices) respectively.
