Bitcoin Price (BTC) moves on the American job numbers in January

In the United States, job growth met expectations in January, however, unemployment was lower than that planned, putting on the table the possibility that the Federal Reserve softening more monetary policy.

The American economy added 143,000 jobs in January, the Bureau of Labor Statistics said on Friday, below the forecasts of 170,000 and down compared to 256,000 in December.

The unemployment rate dropped to 4%, compared to 4.1% expected and 4.1% in December.

Under pressure from the last days, the price of Bitcoin (BTC) initially increased to $ 97,500, while the Dxy index rose to 107.8.

The Fed reduced its Fed Fed 100 points basic rate in the last four months of 2024, and investors weeks ago expected the same thing in 2025.

A series of powerful economic data and inflation, because, however, made the Fed quickly overthrew its domination and its traders assess the chances of any other ease of politics. Before the employment numbers this morning, CME Fedwatch showed only 15% chance of a drop in walking rate.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top