The United States added only 29,000 jobs in September versus 84,000 expected, with unemployment rising to 4.2%. Odds of an October Fed rate hike dropped to 14% from 70% earlier this week, pushing Bitcoin to $86,152. The total crypto market cap exceeds $3 trillion, up 2.5% in 24 hours, with the Fear & Greed Index at 71, firmly in greed territory. Technical indicators remain bullish with ADX at 41.8 confirming a strong uptrend, but RSI at 68.1 signals momentum approaching overbought levels. The Fed’s October 28 meeting represents the next major macro test.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
