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7.4

Bitcoin falls 2.2% to $79k after strong US payroll boosts Fed hike bets

Bitcoin dropped 2.2% to $79,384 after stronger-than-expected US employment data increased market expectations of a Federal Reserve rate hike. The move reverses part of the prior day's rally above $82,000, the highest since May. The development underscores crypto's sensitivity to US monetary policy expectations.

Valor Econômicoabout 4 hours agoUS, BRCredibility 44%View source

Score Breakdown

Mosaic Score7.4
Confidence0.9
Significance0.5
Source credibility0.4

Intelligence Tags

#bitcoin#cryptocurrency#federal-reserve#payroll#monetary-policy

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