CandleFocus Bitcoin (BTC) Back to $62,000 on Strong US Payroll Data
2024-10-04
Author: Content Editor
The U.S. Bureau of Labor Statistics has released a highly positive employment report for September, stating that a staggering 250,000 jobs were added. Despite this, Bitcoin did not experience a significant surge in response. The report revealed that the unemployment rate dropped to 4.1% and American businesses added more jobs than previous months. The S&P 500 and NASDAQ 100 responded positively to the report, while the cryptocurrency market is still struggling due to macro uncertainty. Bitcoin is being viewed positively by analysts in the short term, with the Coinbase Premium ratio forming a bullish "golden cross."
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