The US Bureau of Labor Statistics report on the decline in job growth may influence the Federal Reserve's decisions.
US Job Growth Revision
On September 9, the Bureau of Labor Statistics reported a downward revision of 911,000 jobs, indicating stagnant employment growth from March 2024 to March 2025. This revision due to trade and immigration policies may influence Federal Reserve decisions, indirectly impacting the cryptocurrency market.
Bitcoin's Status Amid Changes
Bitcoin (BTC) is currently trading at $112,138.92, with a market cap of approximately $2.23 trillion, dominating 57.34% of the cryptocurrency market. Over the past 24 hours, its trading volume reached $41.21 billion, showing a change of 17.80%. Additionally, Bitcoin's 90-day price has changed by 2.10%.
Economic Consequences for the Market
Economic analyses suggest that reduced job growth could pressure the Federal Reserve to maintain low-interest rates, fostering a favorable environment for risk assets. In these conditions, the regulatory impact of this adjustment appears limited, with the main focus on labor market trends.
The decrease in US job growth is unlikely to impact the Fed's immediate decisions, but it may create conditions for the further rise of risk assets such as Bitcoin.
