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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 $117,000 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 ...