Wu Blockchain has learned that Coinbase Institutional stated that U.S. non-farm payrolls came in far below expectations, but the escalation of conflicts in the Middle East has brought inflation risks back into the market spotlight. The market is shifting towards pricing in 'higher interest rates for longer,' with financial conditions tightening further, putting long-term risk assets under pressure. The probability of another rate hike this year is also increasing. Despite multiple headwinds, $BTC has only dropped about 2%. This relatively resilient performance may suggest that the market is undergoing a bottoming process. https://(wublock123.com)/news/coinbase-employment-weakens-btc-down-only-2pct-under-multiple-headwinds-64553