Weak jobs kills rate-hike fears — capital rotating back into crypto
The U.S. job market just had its weakest month in years, which means the central bank is less likely to raise interest rates. Lower-for-longer rates are pushing investors back into riskier assets like cryptocurrencies — and the money is already flowing back in.
Idea
The June jobs report showed only 57,000 new positions — half of what was expected — which takes the pressure off the Federal Reserve to keep hiking rates. When borrowing costs stop rising, investors feel safer parking money in volatile assets. We're already seeing this play out: Bitcoin is surging toward $62,000 as short-sellers get squeezed out, and spot Bitcoin ETFs just saw their biggest inflow day ($221 million) in two months. The combination of a dovish macro shift and fresh institutional inflows creates a strong backdrop for crypto to continue its rebound.
What happened since
| Symbol | Dir | T+1 | T+5 | T+20 |
|---|---|---|---|---|
| ETH | LONG | +1.24% ✓ | -0.89% ✗ | — |
| BTC | LONG | +0.88% ✓ | -0.47% ✗ | — |
Price change since publication · updated Jul 11