Bitcoin Surges as Wall Street’s ’Liberation Day’ Rally Gets Fuel From Shock Jobs Data
Another day, another ’unexpected’ economic data point that magically aligns with institutional trading desks’ needs. Bitcoin rides the liquidity wave as traditional markets cheer the latest government spreadsheet miracle.
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The king of crypto punched through resistance levels as risk assets rallied on Friday’s jobs report - because apparently 3.5% unemployment is now ’strong’ rather than ’inflationary’ when Wall Street needs a narrative pivot.
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Traders dubbed it ’Liberation Day’ as both crypto and stocks broke free from recent bearish sentiment. Never mind that the same report showed wage growth cooling - when the machines want to buy, they’ll find their reason.
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One hedge fund manager (who asked not to be named while his firm rebalances into crypto) quipped: ’The Fed put never left - they just decentralized it.’
