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– US unemployment rate rises to 4.6%, highest since September 2021 – Nonfarm payrolls add 64,000 jobs in November, exceeding expectations – Bitcoin trades at $88,000, showing positive reaction to unemployment data – Analysts anticipate Federal Reserve easing measures in response to job market – Visa launches stablecoin settlement using USDC and Arc Blockchain
The U.S. unemployment rate rose to 4.6% in December, higher than the forecasted 4.5%, marking the highest level since September 2021. Despite adding 64,000 jobs in November, sectors other than healthcare and construction are stagnating or reducing their workforce.
- Analysts suggest a weakening labor market could lead to economic policies favorable for assets like Bitcoin.
- Economists predict potential Federal Reserve actions, including rate cuts and increased liquidity through T-bill purchases in 2026.
- Michaël van de Poppe anticipates a bullish trend for Bitcoin due to expected monetary easing by the Fed.
Currently, Bitcoin is trading at $88,000, showing recovery with 1.84% gains post-unemployment data release. However, it remains below the 50-hour EMA, indicating a need for further upward movement to solidify a bullish trend.
Positive developments continue in the crypto space, such as Visa's launch of stablecoin settlement using USDC and Arc Blockchain in the U.S.
