Crypto Investors Panic as US JOLTS Report Sparks Fear of High Interest Rates

Crypto Investors Panic as US JOLTS Report Sparks Fear of High Interest Rates
The cryptocurrency market is facing turmoil as investors react to the latest US JOLTS report, which indicates a strong labor market but raises concerns about rising interest rates. In just one hour, $205 million worth of digital assets were liquidated, reflecting widespread fear selling. While the report suggests economic growth, it has led to speculation about inflation and tighter monetary policy from the Federal Reserve. Despite these challenges, optimism remains for 2025, particularly with Donald Trump's pro-crypto stance as he prepares for his upcoming presidency.