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Bitcoin Holds Above $80K as Softer Labor Data Fuels Fed Cut Hopes

Dow Jones Newswires Read original source (opens in a new tab)
The Story

News Summary

  • Bitcoin consolidated above $80,000 as markets assessed Federal Reserve rate path expectations.
  • Analysts note that softer U.S.
  • private-sector employment growth boosts prospects for lower interest rates, which typically weakens the dollar and improves overall market liquidity for high-risk assets like cryptocurrency.
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BTCUSD price history

79163.73 +20.16% over the displayed period

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