🚀 BTC has surged back above $60k on news of US unemployment

It has been revealed that unemployment in the US has sharply increased.

It sounds strange, but it's good news that could adjust the Fed's plans to lower rates in the near future.

The market is reacting positively, but don't get too carried away. On news, we can swing both ways.

#BTC #unemployment #FED #marketreaction #cryptocurrency $BTC

Market Turmoil: Impact of Rate Decisions and US Unemployment

Recent rate cuts by the EU and Canada have spurred speculation about potential Fed rate easing.

However, the latest US statistics showing a low 4% unemployment rate have subdued this optimism.

Investors are in a quandary: economic stimulation from central banks contrasts with ongoing inflation and a robust labor market.

The low unemployment rate provides Powell with a reason to hold off on cutting rates, but all eyes will be on June 12 when the May inflation data and Fed meeting coincide.

**P.S. What's your take, will the Fed adjust its policy?**

### Highlights:

- **International Rate Cuts**: The EU and Canada have lowered rates, prompting speculation about the Fed.
- **US Job Market**: A 4% unemployment rate challenges expectations for a rate cut.
- **Investor Dilemma**: Balancing economic stimulation with inflation and a strong job market.
- **Critical Date**: June 12's Fed meeting and inflation data release will be crucial.

#EconomicNews #FederalReserve #interestrate #unemployment #MarketTrends

#us #unemployment rate 3.9% previous
3 8% rise not falling it may be fake pump #btc will dump suddenly so be careful

GOODNEWS FOR THE PEOPLE LIVING IN UK.

Over the last several years, the digital asset sector has grown immensely. The development has seen a host of countries embrace cryptocurrency adoption and the continued growth of the sector.

Yet, that has also required nations to establish their own specified regulatory stance on the asset class.

That process has been a continuous one. Yet, it has been crucial with the rapid growth of the currencies and those adopting them.

Amid that process, the UK government has officially introduced a bill that clarifies cryptocurrency as personal property.

Indeed, the legislation was devised to increase investor’s protection in regard to digital finance options.

What other country will you like this bill to be passed?

IMO: The Federal Republic of Nigeria 🇳🇬 should follow suit.

#UK
#cryptobill
#USDataImpact
#unemployment
#USNonFarmPayrollReport

$𝟑 𝐭𝐫𝐢𝐥𝐥𝐢𝐨𝐧+ 𝐰𝐢𝐩𝐞𝐝 𝐨𝐮𝐭 𝐟𝐫𝐨𝐦 𝐬𝐭𝐨𝐜𝐤 𝐦𝐚𝐫𝐤𝐞𝐭 𝐭𝐨𝐝𝐚𝐲🚨🚨
 
The unemployment rate rose to 4.3%, the highest US unemployment rate since November 2021.
 
The US economy added way fewer jobs than expected.
 
#StockMarket #stockmarketcrash #unemployment