US adds 172,000 jobs in May, unemployment rate holds at 4.3%

- The US labor market added 172,000 jobs in May, keeping unemployment steady at 4.3%. This robust data suggests the Fed will maintain its restrictive policy stance to combat inflation, which is bad news for risk assets like Bitcoin. The market had hoped for a softer report to signal rate cuts, but instead, we get more of the same bureaucratic grind. While the economy isn't collapsing, the lack of cooling pressure means liquidity remains tight. For crypto traders, this is a reminder that the Fed’s hammer is still swinging. Don’t expect a rally on this news; expect volatility and caution until the narrative shifts. The moonboys can keep dreaming, but the data says stay grounded.