CandleFocus Bitcoin (BTC) Suddenly Turns Green. This Is Key Reason Why
2024-09-06
Author: Content Editor
The recent US jobs report has caused a sharp increase in the price of Bitcoin. The report showed an improvement in job numbers and a drop in the unemployment rate, easing fears of a recession. Economists have described the report as reassuring, but also noted that the job market has cooled off. There is speculation that the Federal Reserve may implement a "soft landing" to control inflation without causing a recession. The report did not provide a clear signal on the size of the first interest rate cut, leading to speculation of a larger cut. Some experts believe the Fed should start with a 25-basis point cut in September and signal further cuts in the future.
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