June payrolls missed badly, and traders read it as the rate-cut catalyst Bitcoin needed. Payrolls rose by just 57,000, against an estimate of 110,000. The Bureau of Labor Statistics also cut the prior two months by a combined 74,000, April down 31,000, and May down 43,000. Unemployment fell to 4.2%, and wages held at 3.5%
The post Bitcoin rally hinges on whether the Fed buys into the weak jobs report after bad miss appeared first on CryptoSlate. CryptoSlate Read More
About The Author
