Bitcoin Faces Resistance Near $110K Amid Fed Rate Cut Uncertainty and Strong US Jobs Data

Bitcoin dices with $110K as US jobs beat takes Fed rate cut 'off table' - WorldNL Magazine

Key points:Bitcoin quickly reversed gains as US nonfarm payrolls data beat expectations and unemployment fell more than thought.Analysis says that the Federal Reserve is now unlikely to lower interest rates at its July meeting.BTC price action still has to break through final liquidity to the upside.Bitcoin (BTC) saw flash volatility into the Thursday Wall Street open as US employment data dealt a blow to hopes of interest-rate cuts.BTC/USD 1-ho…

Bitcoin Faces Resistance Near $110K Amid Fed Rate Cut Uncertainty and Strong US Jobs Data

Bitcoin’s recent volatility underscores the market’s sensitivity to US economic data, particularly as hopes for early Federal Reserve rate cuts diminish. The robust US nonfarm payrolls report has shifted investor

July Fed Rate Cut Likely Delayed by Job Data - Blockchain & Cryptocurrencies Tabloid

July Fed rate cut expectations diminish as strong US job data emerges, impacting financial markets. The post July Fed Rate Cut Likely Delayed by Job Data appeared first on Blockchain & Cryptocurrencies Tabloid.