Bitcoin trades at $63791 after gain driven by U.S. data, Anndy Lian notes

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23 hours ago

Bitcoin trades at $63791 after gain driven by U.S. data, Anndy Lian notes — Bitcoin rises on U.S. jobs data

Anndy Lian reports that Bitcoin has reached $63791.12, posting a 0.63% gain. The move came after softer U.S. jobs data and macroeconomic relief, which increased expectations for a Federal Reserve rate cut.

Global markets responded positively, with investors rotating into rate-sensitive assets following the news.

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Earlier, Anndy Lian reported that the crypto market dropped 1.11% to $2.22 trillion as Bitcoin led a wave of selling and correlations with traditional assets increased, according to previous coverage. He has also noted that Elon Musk’s net worth reached $1.2 trillion, equal to 3% of nominal U.S. GDP and surpassing Rockefeller’s share in 1937, as detailed here. These developments provide context for Bitcoin’s current performance.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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