Economists are expecting Friday’s report to show a job gain of 185,000 in November, with the unemployment rate flat from October at 3.9%. A sizable miss to the downside is likely to reinforce bets about lower interest rates and might provide the fuel for bitcoin’s run to $50,000. The flip side, however – jobs added of 200,000 or more – might prompt a reversal of those rate cut bets and take a chunk out of bitcoin’s recent rally.
Source: https://www.coindesk.com/markets/2023/12/07/bitcoins-next-move-might-be-decided-by-fridays-jobs-report/?utm_medium=referral&utm_source=rss&utm_campaign=headlines