Bitcoin is increasingly linked to the macroeconomic cycle after adjusting for US employment data.

BTC-1.01%

Recent adjustments to labor market data in the United States have significantly altered economic outlooks, with the number of jobs cut reaching up to 862,000. This unexpected adjustment has weakened short-term growth expectations and forced investors to reassess upcoming policy directions. According to NS3.AI, the revision of employment data has contributed to a noticeable cooling of inflation indicators.

As inflationary pressures ease, bond yields decline, creating more favorable financial conditions for the global market. In this context, Bitcoin has surged, moving in tandem with stocks and traditional financial assets. This development indicates a structural shift in Bitcoin’s market behavior. Instead of primarily reacting to news specific to the cryptocurrency market, Bitcoin is increasingly influenced by macroeconomic factors, especially interest rates and real yields. This suggests that Bitcoin is becoming more deeply integrated into the global financial cycle.

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