Bitcoin Nears $57,000 as Markets Anticipate Rate Cut Following Weak US Job Data

Markets anticipate a 50 basis point (bp) rate cut in September amid deteriorating US Job data. According to the US Non-farm Payrolls (NFP) data released on Friday, the US economy added 142,000 jobs in August, below the expected 164,000. Due to this anticipation, Bitcoin shot up over 2% within 30 minutes. Bitcoin Approaches $57,000 At the time of writing, Bitcoin (BTC) is trading... source: https://beincrypto.com/bitcoin-57000-us-job-data-decline/