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Bitcoin Price Tests $54,000 Level – Here’s How the Latest US Jobs Report Impacted the Market
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Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...
The Bitcoin (BTC) price tumbled under $54,000, its lowest level since early August, in wake of the release of the August US jobs report, which appears to have exacerbated, not eased, fears that the US is tilting towards a recession and that the Fed may be behind the curve in preventing it.
The latest non-farm payrolls number showed the US economy added 142,000 jobs in August, a tad below the expected number of 160,000.
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