US Jobs Report Maintains Bullish Momentum for Bitcoin

The strong United States September jobs report signals a possible slowdown in interest rate cuts but remains bullish for Bitcoin (BTC) as investors warm to riskier assets, Zach Pandl, Grayscale’s head of research, told Cointelegraph. “Conversation about Fed rate cuts and debate about larger government deficits continue alongside solid economic growth, which should be net-positive for investors’ risk appetite and may reintroduce inflation risk in the medium term,” Pandl said. “Grayscale Research expects Bitcoin to benefit in this risk-positive environment,” he explained. The US economy gained approximately 254,000 jobs in September, far exceeding economists’ expectations of around 140,000 new jobs,