Tag: US labour market

  • Bitcoin Nears $113K as Weak US Jobs Data Fuels Rate Cut Hopes

    Bitcoin Nears $113K as Weak US Jobs Data Fuels Rate Cut Hopes

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    by

    Oscar

    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…