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Strong June US employment data has set the stage for potential Bitcoin (BTC) gains beyond $200,000, according to 21Shares. The report highlights labor market strength without overheating, supporting the Fed’s easing narrative. Rate-cut expectations are already boosting risk assets, including Bitcoin and altcoins.
- June non-farm payrolls surged to 147,000, beating estimates and lowering unemployment to 4.1%.
- Futures markets fully expect a 25-basis-point Fed rate cut in September, with a 75% probability.
- Bitcoin's market dominance has slipped to 62%, signaling early capital rotation into altcoins.
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