Crypto and Tesla ripping together as Fed rate-hike fears vanish — momentum play on BTC and TSLA
The job market just had its weakest month in years, which means the Federal Reserve is much less likely to raise interest rates. That news immediately sent risk assets like Bitcoin and Tesla soaring, creating a perfect environment for a continued rally.
Idea
The June jobs report was shockingly weak, with the economy adding only 57,000 jobs versus the 115,000 expected, which immediately dimmed expectations for Fed rate hikes. When the Fed steps back from raising rates, it pushes investors toward higher-risk, high-reward assets — and we can see this playing out across two different markets. Bitcoin surged past $60,000 toward $62,000 as a wave of short sellers were forced to buy back in. Meanwhile, Tesla just crushed its delivery numbers with 480,126 vehicles, beating even the most optimistic Wall Street estimates. The combination of cooling rate-hike fears and strong company-specific catalysts creates a powerful tailwind for risk assets.