Bitcoin’s Movement Tied to US Economic Signals – JOLTS Report Shows Hiring Slowdown

The cryptocurrency market reacted recently to economic signals from the US, with Bitcoin approaching $95,000. A closer look at recent job openings and consumer sentiment reveals how these factors influence Bitcoin pricing. New data from the JOLTS report indicates a slowdown in hiring activity, with open positions dropping to 7.192 million – well below projections. This shift suggests a potential moderation in the labor market, prompting speculation about policy adjustments by government agencies seeking to strike a balance between growth and inflation control. [Continue reading for the full analysis.]