News with the tag "jobs data"

February US job data by the Labor Department showed that the nonfarm payrolls increased by 151K in February, in line with the market expectations. On the other hand, the unemployment rate comes in at 4.1%, sparking market optimism over a potential rally in Bitcoin and altcoin prices. Notably, this d...

Forex traders, are you watching the Pound Sterling (GBP)? In the ever-dynamic Forex market , staying ahead of key economic indicators is paramount. This week, all eyes are on the UK, specifically Tuesday’s impending UK jobs data release. According to insights from ING, a leading financial institutio...

The latest US Job data showed that the nonfarm payrolls increased by 143K in January, down from the Wall Street expectations. Simultaneously, the report also showed that the unemployment rate came in at 4% in the starting month of the year, down from 4.1% in the prior month. As the latest data indic...

The US non-farm payroll data (NFP) data showed that the US economy added greater than expected jobs last month in December 2024. This has dwindled the chances of a Fed rate cut coming in March this year, which could further delay the chances of a BTC price rally to $200K this year. Fed Rate Cuts Del...

A massive 19,000 Bitcoin (BTC) options are set to expire before the release of US Nonfarm Payrolls (NFP) data release today. The BTC price is showing some volatility taking a dive to $91,380 levels earlier today before recovering back above $94,000. A drop in Bitcoin funding rate and exchange volume...

Peter Brandt, a veteran crypto trader, has dispelled the ongoing Bitcoin crash risks by citing that graphs are morphed and sentiments are nevertheless bullish around the cryptocurrency. What’s associated with the BTC price trend is robust US jobs data with reports citing a drop in quitting rate alon...

Bitcoin bulls lost bullish momentum in the crypto market again as BTC price fell below $97.5K, from an intraday high of $102,712. Traders anticipate an overall bullish outlook at the start of 2025 as the crypto-friendly Donald Trump administration takes control on January 20. However, the markets br...

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

The latest US Job data showed that the non-farm payroll climbed by 12,000 in October, as compared to the market forecast of 110,000. On the other hand, the unemployment rate remained unchanged last month, sparking discussions in the market. Notably, this US non-farm payroll data is a crucial metric ...

The crypto universe has closed another week with remarkable events unfolding across the wider sector. The Israel-Iran conflict brought significant turbulence to the broader market, whereas the recent U.S. jobs data sparked further investor speculation. Meanwhile, the Ripple vs US SEC saga saw new la...