The US jobs report released by the Bureau of Labor Statistics showed that only 29,000 jobs were added, well below the expected 90,000, while the unemployment rate rose to 4.2%. Wages also grew less than expected, with a monthly increase of 0.1% against 0.3% anticipated and a yearly rise of 3% instead of 3.2%. Bitcoin’s price reacted immediately to this data, jumping from over $86,000 to around $87,250. Expectations for Fed policy have shifted dramatically, with the odds of a rate pause now at 85% on prediction markets.
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
