• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Bitcoin Reacts to US Jobs Report and Declining Unemployment Rate

user avatar

by Giorgi Kostiuk

a year ago

  1. US Jobs Report for August
  2. Bitcoin's Reaction
  3. Federal Reserve Interest Rate Prospects


    4. The latest US jobs report for August fell short of expectations, drawing attention from economists and investors. While the unemployment rate slightly decreased, the number of new jobs was below the forecast.

    US Jobs Report for August

    The US Department of Labor announced the addition of 142,000 new jobs in August, which was below the anticipated 160,000. Data from July and June brought the three-month average down to 86,000, significantly lower compared to 202,000 in the same period last year.

    Bitcoin's Reaction

    Bitcoin's price reacted swiftly to the report, jumping from $55,500 to $57,000 within minutes. However, it has yet to sustain that level.

    Federal Reserve Interest Rate Prospects

    The US jobs report and the reduction in the unemployment rate to 4.2% suggest that the Federal Reserve is likely to cut interest rates in September. The expected cut is 25 basis points.

    The latest US jobs report has confirmed expectations regarding potential actions by the Federal Reserve to reduce interest rates. At the same time, Bitcoin's reaction to this information demonstrates its sensitivity to economic news from the world's largest economy.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Saudi Arabia Sees Surge in Foreign Direct Investment Amid Market Reforms

chest

Saudi Arabia has seen a significant surge in foreign direct investment (FDI), reaching SAR 1192 billion by the end of 2024, driven by market reforms from the Capital Market Authority (CMA).

user avatarMaya Lundqvist

Saudi Arabia to Open Financial Markets to All Foreign Investors by 2026

chest

The Capital Market Authority of Saudi Arabia will allow all foreign investors to participate in its financial markets starting February 1, 2026.

user avatarKaterina Papadopoulou

Saudi Arabia to Open Stock Market to Foreign Investors in 2026

chest

Saudi Arabia will open its financial markets to all foreign investors starting February 1, 2026, aligning with Vision 2030 goals and expected to increase international capital inflows by up to 10 billion.

user avatarLeo van der Veen

Litecoin Exceeds 70 Million Transactions in 2025.

chest

Litecoin processed over 70 million transactions in 2025, marking a significant increase in real-world usage for payments and transfers.

user avatarLi Weicheng

Future Developments for Litecoin in 2026.

chest

Key developments for Litecoin in 2026 include the launch of the Mimblewimble Extension Blocks and LitVM.

user avatarEmily Carter

Pakistan Strengthens Cryptocurrency Ecosystem with New Initiatives

chest

Pakistan is taking significant steps to strengthen its cryptocurrency ecosystem, including the establishment of regulatory bodies and legal operations for major exchanges.

user avatarAisha Farooq

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.