Breaking: Bitcoin Nears $65K As US Job Data Teases Fed Dovish Stance
coingape.com 02 August 2024 17:00, UTC
Bitcoin (BTC) reclaimed $64,000 on Thursday, August 2, following the release of new U.S. job data. The unemployment and nonfarm payrolls data signals a potentially dovish shift in the Federal Reserve’s monetary policy. This increases the odds of a September fed rate cut as teased earlier by Fed Chair Jerome Powell.