Posted 12/8/2023, 3:48:26 PM
Bitcoin Holds Near $44k as Jobs Data Tempers Rate Cut Hopes, Altcoins in Focus
- Bitcoin taps $44k after better-than-expected US jobs data leads markets to reduce bets on Fed rate cuts
- Despite jobs data, markets still see virtually no chance of a rate hike at next week's Fed meeting
- Bitcoin holds steady while other risk assets like gold decline on increased rate cut doubts
- BTC price action continues consolidation in recent trading range around $43k
- Attention shifts to altcoins like Ether and Solana as anticipation builds for possible "alt season"