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US PMI Drop Puts Pressure on Bitcoin and Crypto Market Amid Cooling Business Activity /
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2024-05-06 03:57:41

US PMI Drop Puts Pressure on Bitcoin and Crypto Market Amid Cooling Business Activity on Nostr: Crypto Analyst Expects Bullish Turn for Bitcoin Amidst Predictions of Quantitative ...

Crypto Analyst Expects Bullish Turn for Bitcoin Amidst Predictions of Quantitative Easing
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#4b5de303 ver:0.43

Bitcoin and Ether rally above $59,000 and $3,000 respectively as analysts predict quantitative easing and a weaker dollar. QCP Capital expects Fed actions to benefit Bitcoin and Ether, while Bitfinex sees Bitcoin as the market benchmark. Crypto market surges after US jobs report, with Bitcoin at $61,800 and Ether above $3,000. Bitcoin rebounds as US unemployment rises to 3.9% and Fed keeps interest rates steady. Bitcoin price surges to mid-$61,000s following softer US labor market report, leading to speculation of rate cuts. Bitcoin's value surges by 6.47% to surpass $63,000, driven by macroeconomic data and interest rate reduction expectations. Analyst predicts bullish turn for Bitcoin with quantitative easing and advises long positions....

#newstr #Bitcoin #QuantitativeEasing #CryptoMarket #InvestorSentiment #Altcoins #Ethereum

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