The post Bitcoin Price (BTC) Falls to $58.2K; Solana Tumbles 9% appeared on BitcoinEthereumNews.com.

Headlining the data next week will be the Friday Sept. 6 Nonfarm Payrolls Report for August. The July jobs report was a weak one and likely was the final straw forcing the Fed’s hand in promising a September rate cut. Currently, however, market expectations are for only a meek 25 basis point cut in mid-September. A second consecutive weak jobs print, though, might have investors quickly pricing in a 50 basis point move by the central bank, delivering a strong positive jolt to risk markets, bitcoin among them. Source: https://www.coindesk.com/markets/2024/08/30/bitcoin-slips-back-to-58k-in-continued-desultory-action-but-next-week-could-offer-upside-excitement/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

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Filed under: News - @ August 30, 2024 4:26 pm