Bitcoin Reclaims $87K Following Shocking US Jobs Data
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6 Articles
Bitcoin Jumps Toward $87K After Weak US Jobs Report
TL;DR U.S. employers added only 29,000 jobs in September versus expectations for 90,000, while unemployment rose to 4.2% and wage growth also missed forecasts. Bitcoin jumped from above $86,000 toward $87,250 after the release, as traders interpreted softer labor conditions as supportive for risk assets and less restrictive policy. Prediction markets put the probability of ...
Bitcoin Price Surges Above $87,000 On Jobs Data
The price of bitcoin surged above $87,000 on Friday morning in New York, buoyed by constant exchange-traded fund flows and a jobs report showing that unemployment in the U.S. had ticked up. Bitcoin’s price recently stood at $85,990 after a 2% jump over a 24-hour period. Over the past week, it has also risen by more than 2%. Nonfarm payrolls increased 29,000 last month after a downward revision to the prior two months, Bureau of Labor Statistic…
The U.S. government released on Friday (2) labour market data, revealing the creation of only 29,000 job vacancies in September, falling below the monthly average recorded in the last twelve months. Added to this, the data from July and August were revised downwards, indicating that the job generation [...] Source: Bitcoin returns to surpass the US$ 87,000 after U.S. job data show that the economy is not as heated as you imagined See more news a…
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