Breaking news for $BTC : the price just fell below $75,000 📉
On Friday evening, the US announced that October jobs had increased by 165,000, far above expectations.
That sounds like good news for the economy, but not necessarily for crypto. Strong figures led the market to think the Fed might raise interest rates in December (a probability of around 77–79%, according to CME FedWatch).
High interest rates usually make investors wary of risky assets. Tech stocks have rebounded, but $BTC hasn’t caught up yet.
On Thursday, $BTC lost around 5% in a single day, alongside more than $1 billion in liquidated positions.
If you’re new: prices can swing sharply on macroeconomic news, so be careful with leverage.
Do you think $BTC can hold the $75,000 level? 👇
#Bitcoin #BinanceSquare #Fed
Personal opinion, not investment advice
On Friday evening, the US announced that October jobs had increased by 165,000, far above expectations.
That sounds like good news for the economy, but not necessarily for crypto. Strong figures led the market to think the Fed might raise interest rates in December (a probability of around 77–79%, according to CME FedWatch).
High interest rates usually make investors wary of risky assets. Tech stocks have rebounded, but $BTC hasn’t caught up yet.
On Thursday, $BTC lost around 5% in a single day, alongside more than $1 billion in liquidated positions.
If you’re new: prices can swing sharply on macroeconomic news, so be careful with leverage.
Do you think $BTC can hold the $75,000 level? 👇
#Bitcoin #BinanceSquare #Fed
Personal opinion, not investment advice