Weak jobs report kills rate-hike fears — crypto relief rally has fuel to run
The June jobs report came in so weak that the Fed is now unlikely to raise interest rates again. At the same time, big institutional buyers just poured $222 million into Bitcoin ETFs — a sign that the selling pressure is finally fading.
Idea
The June payroll report added only 57,000 jobs — less than half the expected 115,000. This dramatically dims Fed rate-hike expectations, which reduces upward pressure on the dollar and is historically bullish for risk assets like crypto. Simultaneously, US Bitcoin ETFs broke a 10-day outflow streak with $222 million in inflows, and Strategy (formerly MicroStrategy) announced changes to its Bitcoin plan — both signals that institutional dip-buyers are stepping back in. The combination of dovish macro data and renewed institutional inflows creates a favorable setup for Bitcoin and Bitcoin-adjacent equities.