Crypto decoupled from Tradfi as investors continued to evaluate the possibility of a ban on staking. GWilliamsJr_CMT writes
“Bad” job market news that financial markets have been craving arrived, but crypto markets had other concerns.
Counterintuitively, investors consider higher unemployment a positive thing for risker assets – crypto and otherwise. Traditional equity markets traded higher immediately following the latest job numbers, before moderating to close lower. The tech-heavy Nasdaq was off more than a percentage point and the S&P 500 fared nearly the same.
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