Employment data was released in the United States.
The market would be anticipating that the Fed will not make interest rate cuts in the coming months.
One more time, bitcoin (BTC) lost $100,000 support. At the time of writing, the digital currency is trading at $98,065 on major exchanges.
Paradoxically, what caused this decline is good news. The job offer in the United Statesas was announced moments ago, rose to 8,098 million in November. This is a result above what was expected.
Such a situation may be causing the market assumes that the Fed will not cut interest rates during the current month. As CriptoNoticias has explained, “risk” markets tend to grow in periods of low interest rates and stagnate (or decrease) in periods of high rates.
That factor would explain the fall that BTC has had in recent minutes.
In the next graphicyou can see the BTC price behavior in the last 24 hours:
Despite this, In the medium and long term, bullish expectations for bitcoin continue. The analysis and investment company, Bernstein, assures that BTC will reach $200,000 this year and that bitcoin has entered the “age of infinity.”
