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US PMI Drop Puts Pressure on Bitcoin and Crypto Market Amid Cooling Business Activity /
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2024-05-04 03:01:05

US PMI Drop Puts Pressure on Bitcoin and Crypto Market Amid Cooling Business Activity on Nostr: Bitcoin Price Surges Above $60,000 Following US NFP Data Miss =============== ...

Bitcoin Price Surges Above $60,000 Following US NFP Data Miss
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#4b5de303 ver:0.39

The Bitcoin price surged above $60,000 as US NFP data missed expectations. Analysts believe that Federal Reserve actions and Treasury announcements could restrain the dollar's rally, benefiting Bitcoin and Ether. Crypto markets rose following the release of the US jobs report, with Bitcoin trading at $61,800 and Ether at over $3,000. The surge in the crypto market can be attributed to the Fed's stance on monetary policy and PayPal's partnership with MoonPay. However, caution is advised as the recent bullish momentum may not be sustainable, and a drop to the low $50,000s could occur. #Bitcoin #cryptocurrency #Fed #NFP...

#newstr #Bitcoin #UsLaborMarket #UsEconomy #InterestRates #UsDollar

https://here.news/story/4b5de303?ver=0.39
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