Bitcoin edged up to highs of $61,600 in early European trading today, as investors nervously await the U.S. Bureau of Labor Statistics’ release of the September jobs report.

At time of publication, the price of Bitcoin has pulled back to around $61,300, up 1% on the day, per data from CoinGecko.

Market experts believe this data could play a pivotal role in shaping the Federal Reserve’s policy direction in the coming months, potentially affecting crypto prices.

Ethereum also showed a slight uptick, rising by 1.1% to $2,375. However, both cryptocurrencies have experienced declines over the past week, with Bitcoin down 7% and Ethereum down 11%, according to data from CoinGecko.

Scheduled for 8:30 a.m. ET, the September jobs report is expected to provide clues on how aggressive the Federal Reserve will be regarding Go to Source to See Full Article
Author: Murtuza Merchant