Bitcoins Value Drops as Economic Data Impacts Market

If the Federal Reserve is unable to lower inflation, it will likely maintain higher interest rates for an extended period. There is also a possibility of further rate hikes. However, the unexpected 0.4% increase in monthly wages and the Non-Farm Payroll report surpassing expectations by approximately 100,000 have thrown a wrench into the works. Investors, anticipating a easing on the job front due to the JOLTS report, were taken aback by the announcement of 272,000 non-farm payrolls, well above the anticipated 180,000. Stay updated on the latest technology news by accessing NEWSLINKER.