🚨 US Employment Data Sparks Market Rally – Bitcoin Surges as Sentiment Shifts! 🚨

According to BlockBeats, the U.S. September non-farm payrolls report revealed a surprise increase of 254,000 jobs, dropping the unemployment rate to 4.1%. This unexpected boost in employment reinforced optimism about a soft economic landing, causing the market to scale back bets on an aggressive interest rate cut in November.

⚠️ Market Sentiment Shifts – What’s Next for Bitcoin? ⚠️

The positive employment data sent U.S. stocks higher, with the S&P 500 rising 0.90%, the Nasdaq climbing 1.22%, and the Dow Jones gaining 0.81%. This upbeat sentiment extended to the cryptocurrency market, where Bitcoin surged back above $63,000, currently trading at $63,859. While still slightly down for the week, Bitcoin's weekly decline narrowed to just 1.03%, signaling a potential bullish turnaround.

🚨 Bitcoin Breaks Higher – Are You Ready for the Next Move? 🚨

Alongside Bitcoin, Ethereum showed signs of recovery, trading at $2,507, though still down 4.18% for the week. The employment data also pushed the U.S. dollar index to a seven-week high, as the expectation for a November rate cut dwindled. This strength in the dollar has pressured gold, which dropped 0.5%, ending its recent three-week winning streak.

⚠️ What to Watch This Week – Big Market Shifts Ahead! ⚠️

With the release of the Federal Reserve’s meeting minutes, U.S. inflation data, and earnings reports from major banks, this week is set to be crucial. Additionally, escalating Middle East tensions could trigger further market movements, especially in oil prices, which rose over 9% last week.

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