Bitcoin threatens breakout as US employment falls to 4.1%, jobs surge

Bitcoin threatens breakout as US employment falls to 4.1%, jobs surge
фото показано с : cryptoslate.com

2024-10-4 17:00

U.S. Non-Farm Payrolls increased by 254,000 in September, affecting Bitcoin prices. The Department of Labor reported an addition of 254,000 jobs, surpassing the consensus estimate of 140,000. The unemployment rate decreased to 4.1%, below the expected 4.3%. This release indicates resilience in the US labor market despite broader economic concerns, suggesting potential implications for Federal Reserve monetary policy.

US employment figures (Trading Economics)

Bitcoin responded to the labor data with brief volatility. Initially priced at $61,400, Bitcoin declined to $61,200 following the report’s release, then climbed to $62,000 before stabilizing near $61,700. Market participants are likely assessing the labor report’s potential impact on dollar strength and interest rate expectations, both of which remain critical factors influencing digital asset markets.

The higher-than-expected employment figures may impact Federal Reserve policy decisions, potentially affecting asset markets, including Bitcoin.

The post Bitcoin threatens breakout as US employment falls to 4.1%, jobs surge appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

JobsCoin (JOBS) на Currencies.ru

$ 0.000223 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: -12.13 %
Cегодня L: $0.000223 - H: $0.000223
Капитализация $23.645k Rank 99999
Доступно / Всего 106.019m JOBS

jobs 254 bitcoin reported department labor surpassing

Источник: cryptoslate.com

jobs 254 → Результатов: 2


Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Crypto firms launch the Global Dollar stablecoin to boost adoption

The Global Dollar is issued out of Singapore by Paxos and is “substantially compliant” with the MAS Tether’s USDT stablecoin accounts for more than 75% of the market Kraken’s co-founder said there is a “lack of competition” in the stablecoin market A group of cryptocurrency and financial technology companies have introduced a joint stablecoin, the […] The post Crypto firms launch the Global Dollar stablecoin to boost adoption appeared first on CoinJournal.

Six Months, $1 Billion: TON Network’s Explosive USDT Adoption Milestone

The partnership between The Open Network (TON) and Tether has reached new heights as the USDT stablecoin experienced a massive surge in just a few months since the start of their collaboration. A remarkable feat that saw a massive increase in the USDT on TON hitting over $1 billion in only six months, an indicator of the capability of the emerging dynamic duo.

Казначейство Tether выпускает еще 1 млрд USDT в сети Tron

Чтобы улучшить ликвидность на бычьем рынке, Tether снова выпустил огромное количество USDT в сети TRON. Выпуск за последние 12 часов соответствует стратегии Tether по поддержанию значительного предложения на всех основных биржах и блокчейнах.

Inside Tether’s Vaults: 82,000 Bitcoin And 48 Tons Of Gold Safeguard USDT

Tether’s USDT is the world’s largest stablecoin, with a market cap nearing $100 billion. However, like many top blockchain projects, Tether has been the subject of many questions and inquiries. And for Tether, most of the questions swirl around its reserves, which serve as its primary selling point.