Weak Job Growth Fuels Crypto Speculation: Potential Impact for Bitcoin & Ethereum

Recent U.S. employment data showed less-than-expected job growth in April, signaling a potential shift towards looser monetary policy by the Federal Reserve. This report suggests a decline of 62,000 jobs compared to the anticipated 115,000. As analysts predict this weaker economic indicator may lead the Fed to consider rate cuts, investors are eyeing the potential for cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) to benefit from increased risk appetite.