September nonfarm payrolls came in at just 29,000—68% below expectations of 90,000—while the unemployment rate rose to 4.2%, reinforcing expectations that the Federal Reserve (Fed) will continue cutting interest rates.
Cryptocurrency prices trend upward
BTC rose to $88,000 as confidence in interest rate cuts strengthened, before pulling back. Short liquidations exceeded $120 million, alongside $103 million in capital inflows to ETFs on the first day of October, adding further momentum to the price rally.$ETH $BTC #ETF
Cryptocurrency prices trend upward
BTC rose to $88,000 as confidence in interest rate cuts strengthened, before pulling back. Short liquidations exceeded $120 million, alongside $103 million in capital inflows to ETFs on the first day of October, adding further momentum to the price rally.$ETH $BTC #ETF