BREAKING NEWS 🔥 The Highly Anticipated US Data Has Been Announced! Is It Good or Bad for Bitcoin?
The Non-Farm Employment and Unemployment Rate data in the US has been announced.
As of today, the eyes of the cryptocurrency sector and traditional financial markets have turned to the United States (US). Economic data from the US continues to directly affect the price movements of all investment vehicles.
In the past minutes, many important data that the FED is closely following have been announced. Here are the latest critical economic data shared in the US:
US Nonfarm Employment:
Previous: 114 thousand
Expected: 164 thousand
Reported: 142 thousand
US Unemployment Rate:
Previous: 4.3%
Expected: 4.2%
Reported: 4.2%
Although the unemployment rate data in the US was announced in line with expectations, the fact that the Nonfarm Employment data came below expectations has positively affected the leading cryptocurrency Bitcoin (BTC) for now.
New York Fed President Williams: We are ready for interest rate cuts. We see that inflation pressures are now decreasing.
After the employment data came lower than expected, positions that the Fed will cut interest rates by 50 basis points this month have increased.
The possibility of a 50 basis point cut has started to be priced as 50 percent.
