finance
Bitcoin Edges Higher After U.S. Jobs Data
Bitcoin rose after weaker-than-expected U.S. employment figures lowered expectations for additional rate increases. Markets also reacted to comments on moderating inflation.
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Bitcoin moved higher after U.S. jobs data came in below forecasts, which reduced expectations for further rate increases. Investors responded to remarks that pointed to moderating inflation. Officials kept their approach tied to incoming data.
Traders now focus on the next set of meeting minutes.
A 25-basis-point rate increase before year-end remains possible according to current pricing.
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