Bitcoin Gains Expected as US Jobs Data Drives Fed Rate Cuts, Analyst Says

Publikováno: 5.10.2024

#Markets and Prices #21shares #Bitcoin #BTC #Crypto #crypto market #Crypto Prices #Cryptocurrency #Fed rate cuts #Federal Reserve #Jobs Report #labor market #rate cuts #U.S. jobs report

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Bitcoin Gains Expected as US Jobs Data Drives Fed Cuts, Analyst Says

A researcher from 21shares has offered an analysis of how bitcoin’s price could respond to the U.S. jobs report. The analyst indicates that BTC prices could increase if the Federal Reserve reduces interest rates. These rate cuts, which are likely tied to labor market trends, could lower borrowing costs, potentially boosting the cryptocurrency market. Bitcoin’s […]