Of course, that sounds worrying for financial markets, including crypto, and it is – continued rate hikes will add downward pressure to assets. But more broadly, strong jobs numbers are no bad thing: Mass unemployment is far worse for society than a dreary asset market, at least in the short term.
Bitcoin Has Best Day in 2 Months as Markets Anticipate a ‘Summer of Easing'
The net percent of global central banks cutting rates is increasing in a positive sign for risk assets, including cryptocurrencies....