Bitcoin Price Bounces Back Amid Slowing US Jobs Growth and Increased Rate Cut Probabilities

1 min read

1 year ago bitnews

The Bitcoin market saw a rebound as traders took advantage of a dip, influenced by recent U.S. nonfarm payrolls and unemployment data. New jobs data suggest the labor market is cooling, which increases the likelihood of Federal Reserve rate cuts. “The recent U.S. labor statistics have created a renewed sense of optimism among Bitcoin investors,”