Kraken Institutional(@KrakenInsto):BTC is largely unchanged after this morning's jobs report, which makes sense Headline unemployment fell to 4.2% but the drop was driven by people leaving the labor force, not actual job gains A murky report = no clear rate signal = crypto waits Trading and asset utility on Kraken Institutional - our eyes are always on the global market 🤝

2026.07.02 16:57

BTC is largely unchanged after this morning's jobs report, which makes sense Headline unemployment fell to 4.2% but the drop was driven by people leaving the labor force, not actual job gains A murky report = no clear rate signal = crypto waits Trading and asset utility on Kraken Institutional - our eyes are always on the global market 🤝

Kraken Institutional@KrakenInsto

2026.07.01 22:20

Tomorrow's jobs report matters for crypto. Any sense of a stronger-than-expected economy → markets price in the Fed hiking or holding longer → higher short-term rates. Consensus is +115k NFP (monthly jobs), 4.3% unemployment. Any meaningful move higher in rate expectations may be bearish for crypto in the near term. Kraken Institutional team keeps an eye on macro markets. More to come tomorrow.