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Headline : Bitcoin climbs above $60k after US labor market report

Read more from the original article on here at crypto.news.





Tags : #bitcoin #climbs #above #60k #us #labor #market #report


No. of Paragraph 17

The price of Bitcoin has consolidated above $60,000 following the U.S. labor market report issued today.

The rise in Bitcoin (BTC) happened shortly after the publication of the U.S. jobs report, which shifted expectations of the Federal Reserve’s key rate cut from November to September.

Bitcoin gained more than 4% after the release of the statistics and continues to grow, moving towards $62,000, according to CoinMarketCap data.

CryptoQuant CEO Ki Young Ju said that Bitcoin whales accumulated 47,000 BTC in anticipation of the Fed’s report.

Read more from the original article on here at crypto.news.


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