July Jobs Report Due Today: Will Bitcoin React Like Last Time?

The article frames today’s US July nonfarm payrolls report as a key macro catalyst for Bitcoin. Economists expect 83,000 jobs added and unemployment steady at 4.2%, while Vanguard’s data suggests a much weaker 18,000 gain. The piece argues that a soft jobs print would likely bolster expectations for Fed rate cuts, support liquidity, and could trigger a short-term BTC rally similar to the 4% jump seen after June’s disappointing report. However, it also warns that June’s move quickly faded as hawkish Fed commentary and higher Treasury yields reversed sentiment. With BTC trading around $64,305 and up 0.50% on the day, the market is waiting to see whether the jobs data produces another knee-jerk crypto rally or is quickly overwhelmed by the Fed’s policy stance.