World · Market · United States ·
Bitcoin clears $81,000 as rate-hike odds fade on mixed economic signals
Bitcoin pushed above $81,000 while traders cut bets on a September Federal Reserve rate increase. The US added 162,000 jobs in August, stronger than expected, though this may not be a major price driver for Bitcoin based on historical data.
Why it matters for the crypto market
Bitcoin and other risk assets are responding to Fed policy expectations; a persistent strong labor market complicates the case for rapid rate cuts, shifting the macro backdrop for crypto.
Source: coindesk.com
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