U.S. hiring slowdown could be great for bitcoin — unless wages spoil the party
Your day-ahead look for May 8, 2026...
Key takeaways
- 1U.S. nonfarm payrolls expected to rise only 62,000 in April versus 172,000 in March, signaling sharp hiring slowdown.
- 2Average hourly earnings forecast to rise 3.8% year-on-year, potentially reinforcing inflation concerns and complicating Fed policy.
- 3Bitcoin support level identified at $75,000; Coinbase premium index flipped to discount, historically coinciding with stalled rallies.
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Why it matters
Weaker U.S. job data typically supports risk assets like bitcoin through lower rate expectations, but sticky wage growth could trigger stagflation concerns that offset this benefit. For Indian retail investors, Fed policy decisions directly influence capital flows to emerging market assets and crypto volatility.
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