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Latest US Labor Market Data Pushes Bitcoin Above $60K

Bitcoin maintained its position above the $60,000 mark after the release of the U.S. job market report on April 3, 2024. The new report altered predictions about when the Fed would cut its key interest rate, moving it to September instead of November.

Following the report’s publication, Bitcoin saw a rise of more than 4%, continuing its upward trend toward $62,000, as per data from CoinMarketCap. Bitcoin has seen substantial buying activity in recent hours, sending it above the $60K level. It did, however, run into some opposition at the…

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