$BTC Although the unemployment rate data in the US was announced in line with expectations, the fact that the Non-Farm Employment data came in below expectations has positively affected the leading cryptocurrency Bitcoin (BTC) for now.
New York Fed President Williams: We are ready for interest rate cuts. We see that inflation pressures are now decreasing.
After the employment data came in lower than expected, positions that the Fed will cut interest rates by 50 basis points this month have increased.
The probability of a 50 basis point cut has started to be priced in as 50 percent.
