News with the tag "employment data"

Cryptocurrency traders, are you keeping an eye on traditional markets? The Pound Sterling (GBP), a key player in Forex, is currently holding its breath ahead of crucial UK economic data releases. These figures could ripple through global markets, potentially influencing risk sentiment across asset c...

The US Bureau of Labour Statistics released the January 2025 employment data earlier today, briefly pushing Bitcoin (BTC) to $100,000 before it lost all its gains and tumbled back to the $98,000 price level. Bitcoin Rises And Falls Amid Mixed Employment Data Bitcoin spiked from approximately $97,200...

Interest rate cuts, increases in the M2 money supply, structural deficits, and geopolitical tensions typically drive Bitcoin's price higher.

The crypto market had some major takeaways from this week’s US jobs data. The US economy created more new jobs in February than was projected, according to Yahoo Finance, but there were signs of a softening in the labor market, including a four-month increase in the unemployment rate and lower adjus...