Bitcoin (BTC) broke a decrease of three days after employment growth in January in the US.
The largest cryptocurrency increased above $ 100,000 for the first time since February 4, according to CCDATA, after the labor statistics office said the economy added 143,000 jobs in January, below the prognosis of 170,000 and less than 256,000 In December.
Even so, the unemployment rate decreased to 4%, compared to 4.1% expected and 4.1% of December and the growth in average earnings per hour exploded estimates in 0.5% compared to the expected 0.3%.
“Relatively high salary inflation and a low unemployment rate mean that it is not likely that the Federal Reserve will reduce rates in the short term, but markets already know that,” said Zach Pandl, Chief of Research of Grayscale. “While Variable Income Markets remain widely stable, Bitcoin could make news maximum at the end of this quarter.”
The possibility that the Federal Reserve reduces the reference interest rate at its March meeting fell to 8% from 15% after the report, according to CME Fedwatch data.
The FED reduced the Fed fund rate at 100 basic points in the last four months of 2024, and several weeks ago the investors expected more of the same in 2025. However, a series of strong economic and inflation data since, However, the Fed has quickly had to go back in its deceptions and merchants who set the probabilities of any greater ease of politics.
Update (February 7, 13:59 UTC): Add the bitcoin price reaction to the owner and the first two paragraphs, the Fed speed cutting possibilities in the fourth.
Update (February 7, 14: 23 UTC): Add the higher bitcoin price $ 100,000
Update (February 7, 15: 08 UTC): Add an appointment of the Chief of Research of Grayscale in the fourth paragraph.
