The US September non-farm payrolls exploded! Bitcoin fluctuated violently, and US stocks rose wildly
The US September non-farm payrolls data was particularly strong, which made everyone less worried about the economic recession for the time being.
The market believes that the Federal Reserve will continue to cut interest rates in November, with an amplitude of about 1 yard. As a result, both the US stock market and the Bitcoin market rebounded.
Previously, Powell said that there would be no significant interest rate cuts, but now the market situation has changed. There is also a Coinbase report that if both China and the United States cut interest rates, it will be good for the crypto market, and Bitcoin may have a very good performance in the fourth quarter.
A few days ago, due to the conflict between Israel and Iran, Bitcoin once fell to $59,800. However, after the release of the non-farm payrolls data, Bitcoin quickly rebounded to a high of $62,010. However, selling pressure then appeared. At the time of writing, Bitcoin once fell back to a low of $61,051, but later rebounded to around $62,000. The increase in Bitcoin in the past 24 hours was 0.8%.
Today's market is also gradually rising, which is very similar to the trend of last week. It seems that the bull market is really coming! ! !
