U.S. Labor Market Declined in September, Fueling Rate Cut Odds – Bullish for Bitcoin’s Q4 Run?
Yahoo Finance·2025-10-01 20:37

Bitcoin extended its rally into October, breaking above 117,000forthefirsttimesincemidSeptemberasfreshU.S.labormarketdataboostedexpectationsofFederalReserveratecuts.Theworldslargestcryptocurrencyjumpedmorethan4117,000 for the first time since mid-September as fresh U.S. labor market data boosted expectations of Federal Reserve rate cuts. The world’s largest cryptocurrency jumped more than 4% on the day, decisively shattering the 115,000 resistance zone. The move came after the Automatic Data Processing (ADP), a U.S.-based payroll and HR management company, reported a surprise loss of 32,000 private payrolls in September, versus expectations for a gain of ...