Bitcoin (BTC) and altcoin continue to recover after the sharp declines experienced following the bilateral tariffs announced by US President Donald Trump in Independence Day on April 2 and in China’s retaliation.
BTC prices have risen above $97,000, but the $100,000 forecast continues to rise.
The Fed is expected to cut interest rates to help increase Bitcoin, but US non-farm employment data, which is extremely important in the Fed’s interest rate decisions, was released today.
Data released on the first Friday of each month is closely followed by investors and stakeholders to understand the state of the economy.
The data disclosed is as follows:
Non-farm payroll data: 177k vs. 138k vs. 228k vs.
Unemployment data: 4.2% announced – 4.2% forecast – 4.2% previous
The reaction of Bitcoin after incoming data was as follows:
*This is not investment advice.