Non-farm employment data for September only reached 29,000 — 68% lower than the forecast level of 90,000 — while the unemployment rate rose to 4.2%, reinforcing expectations that the Fed will continue cutting interest rates.
A surge in cryptocurrency prices
BTC jumped to $88,000 on confidence that rate cuts are coming before adjusting back. Short liquidation orders exceeded $120 million, along with capital inflows into ETFs totaling $103 million on the very first day of October, boosting the upward momentum.
A surge in cryptocurrency prices
BTC jumped to $88,000 on confidence that rate cuts are coming before adjusting back. Short liquidation orders exceeded $120 million, along with capital inflows into ETFs totaling $103 million on the very first day of October, boosting the upward momentum.