U.S. jobs data came in below expectations, and markets are now increasing bets on a possible June rate cut from the Federal Reserve.
After the release, the U.S. dollar index slipped to around 98.85, while Treasury yields also moved lower. The 10-year yield briefly dropped near 4.10%, and the 2-year yield fell toward 3.52% before stabilizing.
Moves like this in the dollar and yields are something many crypto traders watch closely.