Bitcoin

While seemingly irrelevant, this strike is a microcosm of rising labor unrest in developed economies—a factor that can fuel wage inflation and keep central banks hawkish, indirectly pressuring risk assets. However, the immediate effect on crypto is negligible; the market is far more sensitive to US macro data and Fed policy expectations.

Rail, Maritime and Transport Union members held a second day of strike action on Thursday, leading to higher Tube usage compared to the previous Tuesday according to TfL.