Bitcoin Barely Budges as Weak US Jobs Data Cuts Fed Hike Odds to 44%

Negative US job growth in July reduced market expectations for a September Federal Reserve rate hike to 44%. While Bitcoin rose approximately 0.7% and stocks gained as Treasury yields declined, the cryptocurrency remains in a death cross and bear territory. This soft payrolls print highlights economic fragility and potential shifts in monetary policy, providing some hope for risk assets despite the ongoing technical bearishness observed in the Bitcoin market following the latest employment data release.