Bitcoin (BTC) $97,393.9 price After falling to $ 97.200, it began to pricit the side of the data that feeds the optimism. The US Bureau of Statistics (BLS) announced on 7 February 2025 of January 2025 non -agricultural employment data. At the same time, earnings and unemployment rate data came.
US data and crypto currencies
Despite the expectations of 158000 non -agricultural employment data, 111,000 were announced. This is great and positive for crypto currencies because it points to weakening on the employment side. Support for the Fed to continue interest rate cuts. Despite the bad data, the unemployment rate remained at 4 %under expectation. This is also good because the subsequent data is expected to increase here, 4 %interest rate cuts will be better priced in the increase in 4.3 %.
USAThe average monthly employment increase in 2024 was revised from 186,000 to 166 thousand. Last year’s employment data will be revised in favor of risk markets. The markets focus on potential interest rate cut in May.
BTC price Around 98,500 dollars.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
