#NonfarmDataBeats

✨Although US non-farm payrolls data for November showed an increase of 64,000, exceeding expectations, the unemployment rate rose to 4.6%, and the October figures were revised downwards by 105,000. The labor market is still expanding, but rising unemployment, large revisions, and slowing wage growth signal a significant cooling. Markets find this picture consistent with the Fed's "soft landing" scenario and are strengthening expectations of interest rate cuts. Liquidity support for crypto assets may continue.
✨Experts generally interpret mixed signals as a genuine slowdown trend. For example, Goldman Sachs economists note that similar data shows weakening labor demand, and the Fed may pursue more aggressive rate cuts in early 2026. I also see this data as structural cooling rather than short-term noise; the Fed may act sooner than expected.
✨ What Does This Mean for Crypto Markets? 👀

The easing of tightening pressure on the macro front creates a positive environment for crypto assets.

✨ The possibility of an earlier policy reversal:

Increases liquidity expectations

Supports risk appetite

Strengthens the medium-term outlook for Bitcoin and altcoins

However, experts also warn that volatility could increase if the weakening in employment turns into a sudden wave of risk aversion.

✨Trend or Noise?

While the November data alone may not be a turning point, the signals of weakening that have been occurring for several months can no longer be ignored. Upcoming employment and inflation data will clarify whether this is a permanent trend or a temporary fluctuation.

For now, the market is interpreting this picture as a constructive signal paving the way for an early but controlled policy change by the Fed.