Bitcoin slipped after a stronger-than-expected US jobs report eased bets on near-term Fed rate cuts. With payrolls up 162,000 and unemployment steady at 4.1%, traders saw a firmer labor market and, for Bitcoin, a less friendly liquidity backdrop.
Read Full Article
Bitcoin climbed back above $65,000 after a shockingly weak U.S. jobs report cooled Fed tightening fears and gave risk assets a lift. Traders now eye August CPI, with inflation and geopolitics still the real threats hanging over Bitcoin’s next move.
Read Full Article
Traders Bet on a Quiet S&P 500 Response to US Jobs Report: Bitcoin and Crypto in the Crosshairs Wall Street is gearing up for the latest US jobs report this Friday, but options traders are hardly breaking a sweat. They’re pricing in a measly 0.9% move in the S&P 500 in either direction—a snooze compared […]
Read Full Article