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Bitcoin Holding Steady Near $23K
The Crypto Trader author Glen Goodman discusses his outlook for bitcoin (BTC) as the largest cryptocurrency by market capitalization holds firm at around $23,000 following a strong January U.S. jobs report. Plus, reaction to the Bank of England starting further research and development work on a digital pound for purchasing goods and services – something that’s likely to be needed in the future, the regulator said Monday.
Bitcoin Higher After October Jobs Report; Fidelity Opens Waiting List for Retail Crypto Product
Bitcoin is trending higher near $21,000 Friday after the U.S. October jobs report revealed 261,000 nonfarm payrolls were added in October, beating economists' forecasts. Financial services giant Fidelity Investments has opened the waiting list for Fidelity Crypto, its crypto product aimed at retail customers. Terraform Labs co-founder Do Kwon may be in Europe, according to Bloomberg.
Bitcoin Higher After October Jobs Report
261,000 U.S. jobs were added in October, beating economists' forecasts. The unemployment rate rose to 3.7% versus expectations for 3.6%. Medley Global Advisors Managing Director Ben Emons discusses the impact of the latest economic data on the crypto markets.
What the October Jobs Report Means for Crypto
The October Jobs Report reveals U.S. nonfarm payrolls beat estimates and grew by 261,000, while the unemployment rate rose to 3.7%. This comes as the U.S. Federal Reserve is aiming to bring down inflation significantly. Medley Global Advisors Managing Director Ben Emons discusses the data and the implications for the crypto industry.
