📈 Bitcoin rises due to rising unemployment in the US

According to the Federal Bureau of Labor Statistics (BLS), unemployment in the United States rose to 3.9% from last month's 3.8%, and the total number of unemployed people stands at 6.49 million.

Experts think the data could point to a possible slow slowdown in the economy, calming concerns that the labor market is contracting too sharply.

The rate is now expected to be cut twice by 25 basis points in 2024. Previously, only one reduction was assumed.

Due to the news about rising unemployment in the United States, the Bitcoin rate exceeded $63,000.