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05 Oct 2024

US Jobs Report Signals Fewer Rate Cuts || Bullish for BTC || Grayscale

US Jobs Report Signals Fewer Rate Cuts || Bullish for BTC || GrayscaleUS Jobs Report Signals Fewer Rate Cuts || Bullish for BTC || Grayscale The strong United States September jobs report signals a possible slowdown in interest rate cuts but is still bullish for Bitcoin BTC tickers down $62,116.12 as investors warm to riskier assets, Zach Pandl, Grayscale’s head of research, told Cointelegraph. “Conversation about Fed rate cuts and debate about larger government deficits continue alongside solid economic growth, which should be net-positive for investors’ risk appetite and may reintroduce inflation risk in the medium-term,” Pandl said. “Grayscale Research expects Bitcoin to benefit in this risk-positive environment,” he explained. The US economy gained approximately 254,000 jobs in September, far ahead of economists’ expectation of some

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