2024-10-07 06:28:28

#Can the October upward trend arrive as expected?

Bitcoin's 'Uptober' month has begun .
Bitcoin price rose over 3% on Friday, hitting a daily high of $62,300 after a positive jobs report helped ease concerns about economic recession in the US.
The US Bureau of Labor Statistics announced that businesses added 254,000 jobs in September, far exceeding economists' forecast of 140,000 jobs. At the same time, employment data for July and August was also revised upward, reflecting a better labor situation than previously predicted as the Fed began its monetary easing policy.
The September data shows that this is the month with the most jobs created since March, with an increase of 310,000 jobs. The unemployment rate also decreased from 4.2% to 4.1%, lower than forecasted and the same as the unemployment rate in June.
Although the price of Bitcoin has slightly retraced to above $62,000, the upward trend has remained positive in the past day as the currency recovers from a sharp decline in early October.

BTC-1,1%

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