🚨 Shock from the US job market… and $BTC benefits!
The US economy added only 29k jobs in September versus 90k expected, while unemployment rose to 4.2%. Official data confirms hiring is slowing, but so far it does not indicate a broad collapse in the job market.
📉 The result? Rate-hike expectations for the Federal meeting in October fell, bond yields declined, and risk appetite improved.
₿ Bitcoin moved upward after the data, nearing $87k.
👀 Is weak hiring the fuel BTC needs for a new breakout?
#Bitcoin #BTC #Fed #NFP
The US economy added only 29k jobs in September versus 90k expected, while unemployment rose to 4.2%. Official data confirms hiring is slowing, but so far it does not indicate a broad collapse in the job market.
📉 The result? Rate-hike expectations for the Federal meeting in October fell, bond yields declined, and risk appetite improved.
₿ Bitcoin moved upward after the data, nearing $87k.
👀 Is weak hiring the fuel BTC needs for a new breakout?
#Bitcoin #BTC #Fed #NFP
