Bitcoin News: The January US jobs report indicated the inherent strength of the labor market amid concerns of high inflation in the country. This could potentially have a significant bearing in the Federal Reserve‘s interest rate hike decisions in the coming months. However, the nominal wage growth declined to 4.4 percent, the lowest yearly rate since August 2021. Meanwhile, the Bitcoin (BTC) price showed an immediate negative reaction to the robust jobs data.
What January US Jobs News Means For Bitcoin (BTC) Price In Coming Months?
coingape.com
03 February 2023 16:06, UTC