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Here’s how a weak jobs report could spell gains for crypto – TON BOT

Here’s how a weak jobs report could spell gains for crypto

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The August jobs report shows weaker employment stats, confirming softness in the labor market. This could lead to a rate cut by the Federal Reserve, making borrowing cheaper and encouraging risk-taking and asset speculation, benefiting crypto prices. The odds of a September rate cut are now at 97.4%. Seasonality also suggests a potential rally in October, known as “Uptober.” However, Fed rate cuts can increase inflation, affecting digital assets positively and negatively. The environment is risk-on, indicating potential gains for crypto.

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