The long-awaited development has finally happened, with US President Donald Trump signing an executive order to establish a Strategic Bitcoin Reserve in the US.
This development did not have the expected effect and BTC fell by 4% in the last 24 hours to $88,300.
While the Trump-induced fluctuations in Bitcoin continue, all eyes on BTC and altcoins are now on the Non-Farm Employment data from the US, which is of great importance in terms of the FED’s interest rate cuts.
The data announced on the first Friday of each month is closely followed by investors and interested parties to understand the state of the economy.
The data disclosed is as follows:
Nonfarm Payrolls Data: 151k Announced vs. 159k Expected vs. 143k Previous
Unemployment data: Announced 4.1% – Expected 4.0% – Previous 4.0%
Bitcoin’s reaction after the incoming data was as follows:
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/breaking-us-non-farm-employment-data-released-heres-bitcoins-btc-first-reaction/