Job market confidence just plunged to historic lows. According to the latest New York Federal Reserve survey, the probability of Americans finding employment has dropped to 43.1%—a record bottom that signals deepening pessimism about labor prospects.

Interestingly, the actual unemployment rate tells a different story. It eased to 4.4%, slightly better than the anticipated 4.5%, suggesting some disconnect between statistical reality and perceived opportunity. This gap between sentiment and data is exactly what moves markets. When confidence crumbles while headline numbers look okay, investors typically reassess risk appetite across all asset classes—crypto included.