**News Flash: Bitcoin Bounces on U.S. Job Report 📈**
Hey crypto enthusiasts! The U.S. job growth for August came in at 142,000, missing the forecast of 160,000. However, the unemployment rate dipped to 4.2%, aligning with expectations.
Bitcoin, which had been under pressure all week, saw a slight bounce, rising about 1% to $56,500 following the report. Still, it's down 5% from last week.
Traditional markets also showed mixed reactions: Nasdaq trimmed early losses, and the 10-year U.S. Treasury yield dipped to 3.68%.
What do you think? Will the Fed cut rates by 25 or 50 basis points? Drop your thoughts in the comments!