Bitcoin (BTC) and Altcoins Recovery
Bitcoin (BTC) and altcoins continue to recover after the sharp declines they experienced following the bilateral tariffs announced by US President Donald Trump on April 2 Independence Day and China’s retaliation.
While the BTC price has risen above $97,000, expectations of $100,000 continue to rise.
While the FED is expected to cut interest rates to support the rise in Bitcoin, the US Non-Farm Employment data, which is of great importance in the FED’s interest rate decision, was announced today.
The data announced on the first Friday of each month is closely followed by investors and interested parties to understand the state of the economy.
The data disclosed is as follows:
- Nonfarm Payrolls Data: Announced 177k vs. Expected 138k vs. Previous 228k
- Unemployment data: Announced 4.2% – Expected 4.2% – Previous 4.2%
Bitcoin’s reaction after the incoming data was as follows:
*This is not investment advice.
