According to Stock Talk (@stocktalkweekly), Treasury Secretary Bessent stated that current economic data does not indicate a recession, highlighting that the latest jobs report exceeded expectations. This positive labor market data may reduce fears of an economic downturn, supporting risk-on sentiment in both traditional and cryptocurrency markets. Traders should note that strong job growth historically correlates with increased investor confidence and liquidity flows into digital assets, potentially driving short-term bullish momentum in cryptocurrencies. Source: Stock Talk (@stocktalkweekly), May 6, 2025.