The newly released employment data proves that the labor market is weak, further raising expectations for a rate cut
Lin Chen, the head of Deribit's Asia-Pacific business, posted on social media that the newly released employment data proves a weak labor market, raising further expectations for interest rate cuts. This is macroscopically beneficial to risk assets and has immediately boosted BTC prices. New employment and inflation data will be released in the coming weeks, and there may be more positive news in June.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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