#us labor market

The post Bitcoin rally now depends on one Fed document coming Wednesday appeared on BitcoinEthereumNews.com. The Federal Reserve publishes the minutes of its June 16–17 meeting on Wednesday at 2 p.m. ET, and the release will either validate Bitcoin’s week-long recovery or pull out its foundation. Traders bought the rebound on a single macro assumption: a weakening US labor market limits how long the central bank can stay hawkish. The minutes, the first full account of internal deliberations under Chair Kevin Warsh, will show whether officials shared that concern in mid-June, weeks before the jobs data that set the rally in motion. The move riding on the answer is substantial. Bitcoin traded near $64,000 on Tuesday, up almost 11% from the 21-month low below $58,000 it set on July 1, and swung more than $3,400 between $61,250 and $64,659 on Monday. The recovery began with Thursday’s US jobs report, which showed employers added 57,000 positions in June, roughly half of what economists exp

Stable hiring suggests economic resilience, but consumer sentiment and potential Fed rate cuts could impact risk assets and crypto markets. The post June jobs report expected to show stable hiring in US labor market appeared first on Crypto Briefing.

June's job growth slowdown may influence Fed's interest rate decisions, impacting economic sectors and potentially affecting crypto markets. The post US labor market adds 98,000 private-sector jobs in June, missing forecasts appeared first on Crypto Briefing.

A steady labor market limits the Fed's rate-cut incentives, potentially slowing riskier market pursuits and affecting crypto volatility. The post US labor market remains steady as stocks gain in best quarter in six years appeared first on Crypto Briefing.