Bitcoin’s momentum hinges on a critical labor market report from the United States, which may influence crypto investor sentiment leading into March. The US Bureau of Labor Statistics is set to ...

The recent surge in the price of bitcoin has been influenced by various factors, including uncertainties surrounding the US labor market and speculations of rate cuts by the federal Reserve.

The US unemployment rate rose from a low of 3.4% in April 2023 to 4.3% in July 2024, as reported by the Bureau of Labor and Statistics. This suggests that the Sahm Rule has come into effect.