Bitcoin jumps 3.48% as September US hiring slows to 29,000 jobs

  • US employers added 29,000 jobs in September, according to the Bureau of Labor Statistics.
  • Bitcoin rose 3.48% in 24 hours and reached nearly $87,230 after the report.
  • Traders lost $32.51 million in crypto liquidations during the past hour, CoinGlass data shows.

US employers added only 29,000 jobs in September, well below economists’ 90,000 forecast, while the unemployment rate rose to 4.2% from the expected 4.1%. The Bureau of Labor Statistics, the government agency that counts American jobs, said hiring changed little across every major industry. Markets nevertheless treated the weak report as supportive for Bitcoin and gold, which rose within minutes of the data release. Gold climbed from about $4,178 an ounce to $4,227, while Bitcoin rose from about $86,450 to nearly $87,230. Bitcoin was last trading at $86,767, up 3.48% over 24 hours. The move marked the second time that week that both assets rallied shortly after US economic data, following Wednesday’s decline in a key US inflation measure to 3.4%. Leveraged crypto traders betting on falling prices suffered $32.51 million in liquidations (forced closure of losing positions) during the past hour, including $27.53 million from bearish bets and $20.5 million in Bitcoin positions. The reaction came as the Federal Reserve weighs another interest-rate increase in December after raising rates in September. J.P. Morgan expects one more hike, while 10-year Treasury yields reached a 24-year high this week.

本网站上的信息是使用AI生成的,我们无法保证其准确性。 请仅作为参考信息使用。
Bitcoin jumps 3.48% as September US hiring slows to 29,000 jobs - CoinPost Terminal