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Bitcoin Rally Hinges on Fed Reaction to 57,000 Payroll Miss

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June payrolls rose by 57,000 against an estimate of 110,000, giving traders a rate-cut catalyst for Bitcoin. The Bureau of Labor Statistics cut April and May payrolls by a combined 74,000, while unemployment fell to 4.2% and wages held at 3.5% year over year. Iggy Ioppe said the payrolls miss may be a trap because a hawkish Fed can look past one soft print. Matt Mena said BTC reclaimed the $60,000-$61,000 zone after a recent low near $57,000.
BTC1.82%
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