Bitcoin Approaches $64K Amid Growing Optimism For ‘Soft Landing’ And A ‘Goldilocks’ US Economy
Bitcoin (CRYPTO: BTC) has seen a notable increase of 1.08% over the past 24 hours, approaching the $64,000 mark. This surge is attributed to positive U.S. employment data and the anticipated reduction in interest rates.
What Happened: The cryptocurrency is currently trading at $63,526, recovering from a recent dip near $60,000 last Thursday. This rebound aligns with the U.S. monthly jobs report released on Friday, which showed 254,000 jobs added in September, surpassing the Dow Jones forecast of 150,000, The Block reported on Monday.
Min Jung, an analyst at Presto Research, highlighted increased optimism for a “soft landing,” suggesting the U.S. economy is in a “Goldilocks” state, according to the report. Rachel Lucas from BTCMarkets pointed out that improved …
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