Hawkish Data Stymies Crypto’s Bounce Attempt, Uniswap’s BUIDL Integration a Long-Term Positive

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Jobs data surprised to the upside, pushing yields higher and pricing out near-term Fed cuts, which contributed to sideways risk asset performance and muted crypto follow-through. Yen strength is a marginal headwind for global liquidity, as carry unwinds can pressure risk assets, something to monitor but not yet a major concern. Bitcoin continues to trade more like a growth asset than digital gold, tracking equity style rotations and risk sentiment rather th...

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