A strong U.S. jobs report for September signals a possible slowdown in interest rate cuts, but it’s still positive for Bitcoin (BTC), reports Grayscale’s Zach Pandl.
- The U.S. economy added about 254,000 jobs, well above expectations.
- BTC prices hit an intraday high of over $62,300.
- A standard 0.25% rate cut is expected after the Fed’s November meeting.
- BTC supply on centralized exchanges continues to decline, hitting its lowest since November 2018.
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