October's eurozone unemployment data just dropped, and it's slightly hotter than expected. The rate clocked in at 6.4%—a tick above both the forecasted 6.3% and last month's figure. Labor markets staying tight? Could signal persistent inflationary pressure, something risk assets (including crypto) might need to digest.

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FUD_Vaccinated

· 12-02 10:31

The unemployment rate in the Eurozone has risen again to 6.4%, and this will continue to put inflationary pressure on our coin.

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GasWaster

· 12-02 10:28

ah damn, 6.4% vs 6.3%—literally one tick and everyone's panic selling. ngl tho this actually hits different when i'm sitting here calculating whether to wait for the next gas dip or just yeet my portfolio during network congestion lol. tight labor markets = inflation staying sticky = fed keeps rates up = my failed txes just keep getting more expensive. it's the circle of pain fr fr

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WalletAnxietyPatient

· 12-02 10:28

The unemployment rate has risen again, and the inflation pressure in the Eurozone is likely to rebound, which means we in the crypto world will be caught off guard again.

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SleepTrader

· 12-02 10:23

The unemployment rate has risen again, which makes the European Central Bank more conflicted. They originally wanted to cut interest rates, but now they probably have to slow down again. The pressure on BTC is quite significant.

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LiquidityWizard

· 12-02 10:22

actually wait... 6.4% vs 6.3% forecast? that's statistically significant enough to matter. tight labor markets + sticky inflation = crypto probably getting repriced downward tbh. empirically speaking, whenever unemployment ticks hotter than expected, risk-adjusted returns tend to tank. contrary to popular belief, this isn't just noise.

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