📊 Macro Market Update
U.S. nonfarm payrolls rose by just 57K in June, well below expectations, easing concerns over further Fed tightening and lifting risk sentiment. Yet unemployment fell to 4.2% mainly due to lower labour force participation, while wage growth held at 3.5% YoY.
For crypto markets, weaker employment supports liquidity expectations, but 4.2% inflation gives the Fed little room to ease.
June CPI (July 14) is the next key catalyst for digital assets.