Bitcoin's Fate Hangs in the Balance as US Jobs Data Impacts Crypto Market.
TL;DR Summary
Bitcoin remains stagnant at around $27,900 as US nonfarm payrolls data boosts expectations of further interest rate hikes by the Federal Reserve to combat inflation, with the odds of a 25-basis-point rate hike in May now topping 70%. Analysts predict that the Fed will continue to hike rates "until something breaks" and that the labor market is still too resilient. Meanwhile, US equities traded up on the day, and the US dollar bounced back above the 102 mark.
- Bitcoin rests at $28K as US jobs data boosts new Fed rate hike bets Cointelegraph
- Bitcoin Rises After the Jobs Report. The Reaction From Crypto Traders Is Muted. Barron's
- Bitcoin, Ethereum, Dogecoin Trade Mixed, All Eyes On NFP Report Benzinga
- Top Analyst Breaks Down Latest Unemployment Data, Says ‘Music Keeps On Playing’ for Bitcoin The Daily Hodl
- $30K BTC price target stays valid as 'boring' Bitcoin heads into US jobs data Cointelegraph
- View Full Coverage on Google News
Reading Insights
Total Reads
0
Unique Readers
10
Time Saved
2 min
vs 3 min read
Condensed
83%
453 → 78 words
Want the full story? Read the original article
Read on Cointelegraph