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Breaking: Bitcoin Soars Past 61K As Job Data Indicates Dovish Stance From Fed

source-logo  coingape.com 03 May 2024 16:30, UTC

The U.S. market was eagerly waiting for the U.S. job report for further cues on the economy. Notably, the U.S. Federal Reserve has weighed on the investors’ sentiment lately, keeping the interest rate unchanged at their last FOMC meeting. In addition, the mixed economic data also suggested a potential hawkish stance from the Federal Reserve with their policy rate stance in the coming days, pressuring the Bitcoin price.

coingape.com