Bitcoin drops to $23,250 on significantly higher-than-expected US payroll data

2023-2-3 16:48

The U.S. Bureau of Labor Statistics (BLS) released nonfarm payroll data showing 517,000 jobs were added in January, marking a significantly higher-than-expected increase.

Economists had forecast 185,000 nonfarm jobs to be added for the month, fewer than December’s actual 223,000 jobs added.

As an initial response, Bitcoin recorded a 1.1% swing to the downside, bottoming at $23,250 on the 13:30 (UTC) 5-minute candle.

Source: BTCUSDT on TradingView.com

The post Bitcoin drops to $23,250 on significantly higher-than-expected US payroll data appeared first on CryptoSlate.

origin »

Streamr DATAcoin (DATA) на Currencies.ru

$ 0.0067704 (+0.61%)
Объем 24H $1.16m
Изменеия 24h: -1.00 %, 7d: 0.49 %
Cегодня L: $0.0067111 - H: $0.0068078
Капитализация $8.23m Rank 1113
Цена в час новости $ 0.0360207 (-81.2%)

significantly higher-than-expected payroll data bitcoin 250 drops

Источник: cryptoslate.com

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

It’s foolish to pretend Bitcoin’s story doesn’t include $79k this year

Bitcoin is slipping again, and the mood across the market is shifting. Traders who were celebrating six-figure prices only weeks ago are suddenly watching key levels evaporate. The move below $106,400 was the first real warning sign, the collapse through $99,000 confirmed that the market is no longer treating those supports as serious areas of […] The post It’s foolish to pretend Bitcoin’s story doesn’t include $79k this year appeared first on CryptoSlate.

Over $1 billion in liquidations: Why is Bitcoin down today?

Bitcoin dropped below $106,505. 22 on Nov. 3, down 3. 6% in 24 hours, as a strengthening US dollar and sustained ETF outflows pressured crypto across the board. As of press time, Bitcoin has lost that key support level, now trading below $104,000 for the first sustained time since June.

Fed cancels December rate cut, 18% chance of hike, slowing Bitcoin rally

The Federal Reserve just cut the policy rate by 25 basis points, moving the target range to 3.75% to 4.00%. However, futures markets have now removed the prospect of a further cut in December. Before yesterday’s FOMC meeting, many traders expected a third rate cut because inflation had gradually eased, the labor market showed signs […] The post Fed cancels December rate cut, 18% chance of hike, slowing Bitcoin rally appeared first on CryptoSlate.

Does a weaker dollar drive Bitcoin price now?

Bitcoin breached $116,000 for the first time in two weeks, and the usual narrative surfaced: inflation hedge. But the data tells a different story. This cycle, Bitcoin trades less like a consumer-price shield and more like a real-time barometer of dollar liquidity and discount rates.