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News Junction > Blog > Cryptocurrency > Jobs Data to Highlight the Week’s Releases but May Not Stir BTC’s Price
Jobs Data to Highlight the Week’s Releases but May Not Stir BTC’s Price
Cryptocurrency

Jobs Data to Highlight the Week’s Releases but May Not Stir BTC’s Price

Published July 31, 2023
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Investors will be looking for continued signs of a cooling employment market and slowing growth, which would suggest inflation is waning and possibly buoy risk-on asset markets, although cryptos have been largely immune from significant macroeconomic events. Hot jobs data, which typically accompanies rising prices, has been a particular concern for the U.S. central bank, which raised the interest rate 25 basis points (bps) last Wednesday.

#Jobs #Data #Highlight #Weeks #Releases #Stir #BTCs #Price

TAGGED:BTCsDataHighlightjobspriceReleasesStirweeks
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