Soft American July job numbers published on Friday morning combined with shocking revisions below June and May printed to produce the lowest three -month employment growth period from the 2020 cocvid closures.
The data seems to end the waiting approach of the president of the Federal Reserve Jerome Powell and put the central bank on the restart of the rate reductions at its next meeting in September.
This sent the yield on the US Treasury bond at 10 years plunging 14 base points at 4.22% and the price of gold from 1.5% to $ 3,400 per ounce and return for its record.
Where two other assets sensitive to interest rates: Bitcoin and Stocks? Not so much. With around 90 minutes to do during the American negotiation session, both are at the bottom of the session, the Nasdaq plunging 2.5% and Bitcoin down more than 3% to $ 113,800.
And Bitcoin is an outperformator. Ether (Eth)Solara
Bnb (BNB)And Dogecoin is down approximately 6%. Hold in particular is XRP (XPR)disabled only 2.9%.
The president weighs
“Jerome ‘Too late” Powell is a disaster, “said President Trump on Truth Social shortly after the report on jobs.” Tears the rate. “
A few minutes ago, the president went again to his social media platform to request the dismissal of Dr. Erika MCENTARFER, the Labor Statistics Commission (The group supervising employment data)Accusing him of cooking books to stimulate Biden / Harris last year and worsen things under his administration.
Verification of actions
As for the actions related to the crypto, do not ask. Jamming (COIN) plunged almost 18% like the risk mood of the day combined with a punk winning report Thursday evening. Robinhood by peers linked to tradfi (HOOD) is only 3.1%lower.
Last night, Bitcoin Miner Riot platforms (RIOT) And it tumbles 17%. Peer Mara holdings (Mara) is down 3%.
High -flying stablecoin transmitter circle (CRCL) is in case of 7.5%, as is the Bitcoin treasure leader strategy (MSTR).