BTC is rallying because the US unemployment rate was just 10 bps higher than expected.Non-farm payrolls also came in lower than expected.
This is good for
BTC because this will push the Fed to lower interest rates, which should push BTC higher.This is a start to the day, but we must still get through
1) The White House Crypto Summit that has already started
and
2) The Fed's Chair, Jerome Powell, will be speaking at 12:30 pm ET
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.