✉news BusinessCrypto first seen 20 h ago, last 20 h ago, peak #34
Bitcoin Climbs Toward $87K as U.S. Hiring Slows
Original: Bitcoin Climbs Toward $87K as U.S. Hiring Slows Sharply
Bitcoin is rising toward $87,000 as new data shows U.S. hiring slowing sharply. Traders are treating weakening labor-market signals as a sign the Federal Reserve may cut interest rates sooner, boosting risk assets including cryptocurrencies. The move has put bitcoin back in focus among investors weighing economic softness against expectations for looser monetary policy.
Why now: Weak U.S. jobs data is fueling expectations of rate cuts, lifting bitcoin prices.
BitcoinFederal ReserveUnited States
Evidence
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