Story preview
Continue reading on the publisher site for the full article.
News Atlas is free and independent. If it’s useful to you, you can support it with a coffee. ☕ Buy me a coffee
Coverage
Tone
Outlets covering it
13
in the last 3 days
First reported
28 hr. ago
12 outlets since
Countries
12 other outlets reported this story in the last 3 days.
A weaker-than-expected jobs data report from the U.S. drastically reduced rate hike expectations from the Federal Reserve in the October FOMC, boosting sentiment towards cryptocurrencies.
The price of bitcoin surged above $87,000 on Friday morning in New York, buoyed by constant exchange-traded fund flows and a jobs report showing that
Bitcoin reclaimed $85,000 before the Oct. 2 jobs report. Short covering explains part of the move; ETF flows and spot volume will test demand.