The ETF-led bitcoin rally has stalled over the past month, at least in part thanks to economic indicators pointing to higher than expected interest rates.
U.S. Added 275K Jobs in February; Unemployment Rate Unexpectedly Rose to 3.9%
So far in 2024, bitcoin’s concerns about the path of the economy or interest rates have taken a back seat to the overwhelming demand from the spot ETFs.
U.S. Added 353K Jobs in January, Blowing Past Estimates
The latest update on the labor market came less than two days after the Fed’s Jerome Powell poured cold water on market hopes of a rate cut in March.
U.S. 216K Jobs Adds in December Tops Estimates for 170K
The closely watched report
Bitcoin Dips as U.S. November Job Growth of 199K Tops Estimates
Anticipating a slowdown in the economy and easier Fed monetary policy, investors have sharply bid down interest rates in the weeks leading up to this morning’s numbers.
Bitcoin’s Next Move Might be Decided by Friday’s Jobs Report
A recent dovish shift in the outlook for monetary policy has played a sizable role in big gains for both crypto and traditional markets.
U.S. October Jobs Up 150K, Missing Forecasts for 180K; Bitcoin Remains Lower at $34.3K
Interest rates have fallen sharply this week across the U.S. yield curve, in part as traders place bets the Fed is finished tightening monetary policy.
U.S. Added 336K Jobs in September, Nearly Doubling Expectations; Bitcoin Slips 1%
The unemployment rate TKTK
U.S. August Job Adds of 187K Vs Estimates for 170K; Unemployment Rate Rises to 3.8%
With spot bitcoin ETF aspirations sidelined after the SEC yesterday pushed off decisions on a raft of new applications, crypto bulls are hoping an employment slowdown and lower interest rates could provide a positive catalyst.
U.S. Added 187K Jobs in July, Missing Estimates for 200K; Bitcoin Slips to $29,100
The unemployment rate TKTK to 3.X% versus estimates for 3.6%.
‘Extended reality’ to create 860K jobs by 2025: EU Commission
The European Commission has laid out its plans for becoming a “world leader” in Web 4.0 and the Metaverse.
U.S. Added 209K Jobs in June, Missing Expectations for 230K
The unemployment rate TKTK to 3.X% versus 3.7% in June and against expectations for 3.7%.
U.S. Adds 339K Jobs in May, Blowing Through Estimates for 195K; Bitcoin Steady at $27K
Continued strong gains in monthly employment figures have added to the Fed’s case for rate hikes.
Can artificial intelligence create more jobs?
Despite negatively impacting the labor market, there are many reasons to think AI will eventually contribute to creating new jobs and economic growth.
U.S. Adds 253K Jobs in April, Topping Expectations for 180K; Bitcoin Falls
The unemployment rate rose/fell//head steady at 3.X% versus forecasts for a slight rise to 3.6%.
Over half of Americans fear ‘major impact’ by AI on workers: Survey
More respondents said AI will “hurt” American workers more than it will “help” them over the next 20 years.
U.S. Adds 236K Jobs in March Versus Forecasts for 239K
Bitcoin rose/fell to $XX,XXX in the minutes following the report.
What is fiscal policy, and why does it matter?
Fiscal policy shapes economies through government spending, taxation and borrowing.
Bitcoin Bounces as U.S. Adds 311K Jobs in February, Beating Expectations
The unemployment rate fell/rose/held steady to 3.X% ….
Crypto derivatives data signals improving investor sentiment and a possible trend reversal
Money is trickling back into the crypto market and derivatives data suggests that investor confidence is improving as the market forms a bottom.