Post
effizypo1995
Nonfarm payrolls across the board missed expectations, but Bitcoin rallied against the trend: rate cut trades reignited
The US September nonfarm payroll data delivered a "broad miss" — only 29,000 new jobs added, less than a third of the expected 90,000, unemployment rate rose to 4.2%, average hourly earnings growth slowed to 3%, and the private sector was also weak. The cooling signals in the labor market are very clear now.
Why did Bitcoin rise despite weak employment data?
Disclaimer: OKX Orbit content is provided for informational purposes only. Learn more
Replies
No comments yet. Be the first to reply!
Trending crypto
BTC/USDTBitcoin
$85,863.6+0.01%
ETH/USDTEthereum
$2,708.98+0.00%
ZEC/USDTZcash
$1,319.99+0.00%
Today’s market buzz
1#FedSeptemberMinutes
2#HormuzStillClosed
3#OKXNOW：SeeWhat'sNext
