Crypto Prices Slip Ahead of US Jobs Data as Bessent Flags Rate Risks

💡 DMK Insight

Crypto’s weekend dip signals caution ahead of key U.S. jobs data. With investors on edge, the market’s thin trading volume suggests a lack of conviction. Treasury Secretary Scott Bessent’s comments likely added to the uncertainty, as traders assess potential implications for monetary policy. If the jobs data comes in stronger than expected, it could lead to a tightening narrative that pressures crypto prices further. Watch for support levels around recent lows, as a break could trigger more selling. On the flip side, if the jobs report disappoints, we might see a short-term rally as traders seek refuge in crypto. Keep an eye on correlated assets like Bitcoin and Ethereum, which often react sharply to macroeconomic news. For now, focus on the upcoming data release and adjust your positions accordingly, especially if you’re trading on shorter timeframes.