Bitcoin Price Whipsaws Around $43K After Blockbuster US Jobs Report – Where Next for BTC?

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By BitcoinWiki News



Article Summary

The Bitcoin price is fluctuating around the $43,000 mark as traders assess the impact of the latest US jobs report on US monetary policy. Strong US economic data has led to decreased expectations of a Fed rate cut, weighing on Bitcoin. However, ongoing inflows to new spot Bitcoin ETFs and the upcoming Bitcoin issuance rate halving are expected to drive the Bitcoin price higher in the medium term.

Thought-provoking Questions/Insights

Impact of US Economic Data on Bitcoin

How does strong US economic data affect the expectations of a Fed rate cut and the resulting impact on the Bitcoin price?

Inflows to Bitcoin ETFs

What is the significance of ongoing inflows to newly launched spot Bitcoin ETFs for the Bitcoin market outlook?

Bitcoin Issuance Rate Halving

How might the upcoming Bitcoin issuance rate halving affect the supply and demand dynamics of the Bitcoin market, and subsequently, the Bitcoin price?


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