Posted 12/7/2023, 3:57:00 PM
Bitcoin Rally Faces Jobs Report Test
- U.S. November jobs report coming Friday could impact bitcoin's price and recent rally
- Bitcoin has rallied from $27k to $44k in October partially due to falling interest rates
- Rate cut bets are based on expectations of economic slowdown and falling inflation
- Strong November jobs data could undo bets on rate cuts and stall bitcoin's advance
- Analysts forecast 185k jobs added in November; a big miss could boost bitcoin, a beat could halt its rise