U.S. job losses at 17-year high raise positive signals for bitcoin bulls
CoinDesk
Surging U.S. planned layoffs to a 17-year high suggest the Fed may ease policy, potentially boosting Bitcoin.Summary
Planned layoffs in the U.S. surged by 205% to 108,435 in January, marking the highest level since January 2009, according to Challenger, Gray & Christmas data. Major contributors included Amazon and United Parcel Service (UPS). This sharp weakening in the labor market, evidenced by these unofficial indicators, contrasts with the official Bureau of Labor Statistics report and suggests employers are pessimistic about the 2026 outlook. The cooling job market raises expectations that the Federal Reserve might soon need to relax monetary policy by lowering borrowing costs to support the economy. Such potential easing could positively impact riskier assets like Bitcoin, which is currently down significantly from its record high.
(Source：CoinDesk)