Coinspeaker
Bitcoin Suffers Losses amid Asian Market Turbulence and Fed Rate Cut Uncertainty
Bitcoin (BTC) price fell moderately early this morning, mirroring a larger trend in Asian markets following the release of strong US Nonfarm Payrolls (NFP) data late Friday. The optimistic job data have put doubt on the probability of an early rate cut by the Federal Reserve, influencing market mood and affecting many asset classes, including the leading cryptocurrency.
Asian Markets and Bitcoin’s Response
According to CoinDesk data, Bitcoin price traded at $43,600 as of 4:32 UTC, indicating a 0.8% decline. However, at the time of writing, the cryptocurrency has recovered slightly, currently trading at $43,956. Meanwhile, most Asian equity indices, including Hong Kong’s Hang Seng, traded in the red, with the latter experiencing a 2% decline due to a regulatory crackdown on gaming.
The NFP data exceeded expectations, revealing that the US economy added 216,000 jobs in December, surpassing th
We współpracy z: https://www.coinspeaker.com/bitcoin-losses-asian-market-fed/
