GeneralBearishCrypto Briefing · Jun 67/10
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US labor market adds 172,000 jobs in May, nearly doubling expectations
The US labor market added 172,000 jobs in May, significantly exceeding expectations and signaling continued economic strength. This robust employment data may discourage the Federal Reserve from cutting interest rates, which could redirect investor capital away from risk assets like cryptocurrencies toward safer, yield-bearing investments.
