Quick Take
- +311k jobs created vs. estimate of +205k.
- 3.6% unemployment rate vs. an estimate of 3.4%
- Bitcoin broke $20,000 immediately after
- DXY retreats to 104.8, which sees an uplift on major currencies inc EUR and GBP
- While 25 bps is now the most likely for the upcoming FOMC meeting on 22nd March, with a terminal rate of 5.50%.
The post Bitcoin breaks $20k following NFP and unemployment data, as markets favour 25bps instead of 50bps appeared first on CryptoSlate.
Source: https://cryptoslate.com/insights/bitcoin-breaks-20k-as-a-result-of-nfp-and-unemployment/