THE BLOCK: U.S. payrolls fall by 23,000 in July, stunning markets; bitcoin:native rebounds above $65,000

AI Market Summary

A sharp downside surprise in July U.S. payrolls (23,000 jobs lost versus +80,000 expected) is prompting traders to reassess the Fed path, with growing expectations that a September rate hike may be dropped. The resulting easing in rate and USD expectations supported risk assets, with bitcoin rebounding above $65,000. Near-term sensitivity should remain high to incoming U.S. macro and Fed communication.

Impact level

● High

Affected assets

BTC/USDT+0.04%

AI Insight · BTC/USDTAI Insight

▲ Bullish

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THE BLOCK: U.S. employers shed 23,000 jobs in July, a sharp miss versus expectations for an 80,000 increase, while bitcoin:native climbed back above $65,000. Analysts described the report as a "massive surprise", prompting traders to price in a reduced chance of a Fed rate hike in September.

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