Tag: US Jobs Data
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Bitcoin Nears $113K as Weak US Jobs Data Fuels Rate Cut Hopes
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Bitcoin surged towards $113,000 on Thursday after fresh US labour market data revealed the weakest job growth in over three years. Investors flocked to the cryptocurrency as a hedge against mounting economic uncertainty and rising expectations of interest rate cuts by the Federal Reserve. Labour Market Weakness Shakes Wall Street The US Bureau of Labor…
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Crypto Markets Slip as Strong US Jobs Data Sparks Rate Hike Fears
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The United States economy added 256,000 jobs in December, far exceeding economists’ forecast of 160,000, according to the Bureau of Labor Statistics. This uptick marks a significant rise from November’s revised 212,000 figure. The unemployment rate also unexpectedly dipped to 4.1%, below the anticipated 4.2%, signaling a robust labor market. These strong figures challenge the…