The broader economic backdrop matters more than people think. When central banks flag concerns about tariff dynamics, it's worth paying attention—especially if you're navigating crypto markets. Here's why: tariffs directly squeeze corporate profit margins, which ripples through labor markets. Companies facing higher input costs often freeze hiring or cut headcount. That tightening employment picture eventually hits consumer spending power, which is a crucial domino in any market cycle. For crypto investors, this chain reaction affects everything from institutional risk appetite to retail participation levels. Right now, the interplay between trade policy uncertainty and employment trends could be a key driver of macro sentiment heading into the next quarter.