November's U.S. employment report reveals a mixed picture: 64,000 new jobs added, yet the unemployment rate edged higher. This kind of economic crosscurrent matters for crypto markets more than you'd think.

When job growth slows but unemployment ticks up, it typically signals labor market softening. That spooks traditional markets—and crypto tends to follow when risk appetite shrinks. Add in the broader uncertainty around Fed policy, and you've got a recipe for portfolio repositioning.

For traders tracking macro cycles, this data point reinforces the narrative: economic headwinds could keep central banks cautious. Whether that translates to interest rate expectations shifting is the real question crypto investors should be monitoring.