Crypto even Markets took a hit today after strong US employment data weighed on digital asset prices, fueling fears that the Federal Reserve may delay cutting interest rates.
Since the FED’s hawkish meeting on December 18 Bitcoin It lost more than 10% of its value.
The jobs report released Friday revealed that the U.S. economy added 256,000 jobs in December, significantly beating economists’ forecasts of 153,000. The unemployment rate also decreased from 4.2% in November to 4.1%, underlining the resilience of the labor market.
“This report will ensure continued high yields and further postpone the next FED rate cut,” said Bryce Doty, portfolio manager at Sit Fixed Income Advisors. “We may not see another rate cut until next quarter.”
Yuya Hasegawa, a crypto analyst at Bitbank, noted earlier this week that higher-than-expected employment and Purchasing Managers Index (PMI) data are already weighing on Bitcoin. He suggested that Bitcoin’s performance towards the end of the week will depend on how much the employment report exceeds expectations. “If Friday’s data significantly exceeds market expectations, Bitcoin may risk falling below $92,000 again,” Hasegawa said.
*This is not investment advice.
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Source: https://www.bitcoinsistemi.com/abdden-gelen-guclu-istihdam-verilerinin-ardindan-bitcoin-fiyatinda-ne-bekleniyor-faiz-indirimleri-ertelenecek-mi/
