Bitcоin

Bitcoin Nears Breakout After US Job Data, 125 Bps Fed Rate Cuts This Year?

07.09.2024

The US non-farm payroll data shows that 142,000 jobs have been added in August, down from what the market was expecting. Following this data, which indicates a cooling Labor market, the market is now betting over a half-point rate cut at the upcoming Federal Reserve’s meeting later this month. Besides, Bitcoin noted recovery after the US job data, indicating the regaining confidence of the investors towards risk-bet assets.

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07.09.2024
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