US EditionBitcoin Eyes $100K Return Amid Fed Rate Cut Expectations Despite Jobs Data Volatility
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Bitcoin Eyes $100K Return Amid Fed Rate Cut Expectations Despite Jobs Data Volatility
The post Bitcoin Eyes $100K Return Amid Fed Rate Cut Expectations Despite Jobs Data Volatility appeared on BitcoinEthereumNews.com. Bitcoin and Ethereum prices dipped following the latest U.S. jobs data, with BTC at $87,152 and ETH at $2,935. Despite the volatility, prediction markets indicate a 69% chance of Bitcoin returning to $100,000 amid anticipated Federal Reserve rate cuts in 2026. U.S. unemployment rate rises to 4.6%, a four-year high, …
Bitcoin and Ethereum recorded opposite movements after the publication of the October-November combined payrolls in the U.S., which showed the highest unemployment rate since 2021, at 4.6%. Although initially it fell, Bitcoin ended up rising by 1.4%, reaching $87,400, while Ethereum lost 0.5%, listing around $2,935. Predictive markets maintain a 69% probability that Bitcoin will return to $100,000 before falling to $69,000, with possible Fed rat…
Bitcoin and Ethereum React to the Highest US Unemployment Rate Since 2021 - The Cryptocurrency Post
Major digital assets Bitcoin and Ethereum experienced notable price oscillation following the release of the latest labor data placing US unemployment at 4.6%, its highest level in four years. Analysts at the Bureau of Labor Statistics (BLS) confirmed that while there was slight growth in sectors like healthcare, the federal government continued to lose jobs, generating a mixed reaction in global financial markets. Initial volatility reflects in…
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