BITCOIN JUMPS ON WEAK JOBS DATA, FED CUT BETS
Bitcoin hit a two-week high of $116,910 after ADP reported a 32,000 job loss in September (vs. +45,000 expected), fueling expectations of a Fed rate cut on Oct. 29. Lower rates support risk assets, while seasonality also favors crypto—Bitcoin has gained in 10 of the past 12 Octobers.The copyright of this article belongs to the original author/organization.
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