US EditionLabor pain, crypto gain — How weak JOLTS data sets path for Bitcoin price to rally
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6 Articles
Crypto news today: Bitcoin tops $95K, stocks rally despite analyst’s ‘blind market’ warning
Bitcoin traded above $95,400 Tuesday, showing resilience despite economic concerns. US stocks (S&P 500, Nasdaq +0. 55%) also continued their recovery from early April tariff fears. Consumer confidence hit lowest since May 2020; JOLTS job openings missed estimates
Labor pain, crypto gain — How weak JOLTS data sets path for Bitcoin price to rally - TECHTELEGRAPH
Key points: Weak labor and consumer data often precede Bitcoin rallies, leading some analysts to anticipate future economic stimulus programs. Job openings fell to 7.2 million in March versus the 7.5 million forecast and consumer confidence hit its lowest level since January 2021. If past patterns hold, Bitcoin could rally by mid-July and possibly reach $140,000 by October 2025. Macroeconomic conditions have long been seen as a major influenc…
Could Weak Labor Data Set the Stage for Bitcoin to Potentially Reach $140,000 by October 2025?
Today’s JOLTS report showed a significant decline in open US jobs, a backdrop that may prove favorable for Bitcoin’s trajectory. This unexpected downturn in labor statistics often signals potential economic
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