According to ChainCatcher, the cryptocurrency market has turned pessimistic as Wall Street exercises caution ahead of Friday’s employment data. According to ChainCatcher, the cryptocurrency market has shifted to a cautious tone as investors await Friday’s employment data. Wall Street’s measured stance is weighing on risk appetite across the crypto space.
Market participants are watching for signs that labor data will influence appetite for risk assets, including BTC and ETH. The pause in momentum suggests traders may be postponing major moves until the data release.
Volatility may persist as investors reassess macro cues. ChainCatcher’s update underscores a cautious stance as Friday approaches.
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