The Bitcoin (BTC) price has powered back into the mid-$61,000s in wake of a softer-than-expected US labor market report which has boosted hopes that the Fed cuts interest rates more than once before the end of 2024. ❖ US Labor Apr Nonfarm Payrolls +175K; Consensus +240K ❖ US Apr Unemployment Rate 3.9%; Consensus 3.8% ❖…
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Bitcoin (BTC) Chart / Source: TradingView Economic data released earlier on Friday revealed a larger-than-expected slowdown in the US jobs market in October, triggering downside in US bond yields and a pump in the US stock market and price of Bitcoin (BTC), which was last around $34,600. The latest jobs report revealed that the US economy…
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Despite much hotter-than-expected US jobs numbers released earlier on Friday, Bitcoin (BTC) is having another go at pushing back above the $28,000 level and its 100 and 200DMAs. The world’s first and largest cryptocurrency by market capitalization initially fell following the data, but has since reversed around 3% higher versus its earlier session lows in…
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Bitcoin plummeted below $26,000 to start the month of September, as markets waited for the latest non-farm payrolls (NFP) report. Payrolls in the United States were expected to fall to 170,000 for August, however came in at 187,000. Ethereum was also down on the news, falling below $1,700. Bitcoin Bitcoin slipped below the $26,000 level…
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Bitcoin started the weekend trading below the $29,000 level, as markets continued to react to the latest U.S. nonfarm payrolls (NFP) report. 187,000 jobs were added to the economy in July, less than the 200,000 markets had expected. Ethereum neared a multi-week low. Bitcoin Bitcoin (BTC) dropped to below the $29,000 level on Saturday, as…
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The Bitcoin (BTC) price is holding within recent ranges to the north of the $29,000 level in the wake of the latest mixed US jobs report for July. The report revealed that the US economy added 187,000 jobs in July, below the expected gain of 200,000. Moreover, June’s job gain of 209,000 was revised lower…
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Cardano ended a four-day losing streak on Friday, as markets responded to the latest U.S. nonfarm payrolls (NFP) report. Payrolls in May rose to 339,000, which was significantly higher than the expected sum of 190,000. Solana collided with a key resistance level in today’s session.
Cardano (ADA)
Cardano (ADA) was one of Friday’s notable…
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US labor market data for May is due on Friday the 2nd of June. The data, which is closely scrutinized by policymakers at the US Federal Reserve, could trigger volatility in the Bitcoin market, depending on how and if it impacts expectations for further interest rate hikes from the US central bank. According to the…
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Bitcoin fell below $28,000 to start the week, as markets continued to react to last Friday’s United States nonfarm payrolls (NFP) report. The payrolls report came in at 250,000 versus expectations of 180,000 jobs. Ethereum was also lower, as prices fell back below $1,900. Bitcoin Bitcoin (BTC) moved lower to start the week, as cryptocurrency…
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The US jobs market report for March is set for release on Friday and has the potential to really shake things up in the Bitcoin market. Traders will be closely scrutinizing the non-farm payrolls figures (the net change in jobs in the economy), which is expected to moderate to 239,000 from 311,000 a month ago,…
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