Bitcoin Price Surges Above $87,000 on Softer-Than-Expected Jobs Data
Bitcoin Magazine Bitcoin Price Surges Above $87,000 on Softer-Than-Expected Jobs Data The price of bitcoin surged above $87,000 on Friday morning in New York, buoyed by constant exchange-traded fund flows and a jobs report showing that unemployment in the U.S. had ticked up. Bitcoin’s price recent
Source: Bitcoin Magazine
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DW NOTE
The Fed just raised rates in September — the first hike of the cycle, to 3.75%-4.00% — and bitcoin rallied on a soft jobs print. That's not how tightening cycles work. Either the market believes the Fed will reverse within months, or it's pricing something other than US monetary policy.