• Latest
  • Trending
Here’s How Bitcoin Might Benefit From Low Numbers in U.S. Jobs Report

Here’s How Bitcoin Might Benefit From Low Numbers in U.S. Jobs Report

October 10, 2021
SEC Is Discriminating Against Grayscale: CEO on Suing SEC

SEC Is Discriminating Against Grayscale: CEO on Suing SEC

June 30, 2022
OmniaVerse – Will emergence of this unique young Crypto star bring new hope for the Crypto world.

OmniaVerse – Will emergence of this unique young Crypto star bring new hope for the Crypto world.

June 30, 2022
One More Way to Make Working From Home Secure

One More Way to Make Working From Home Secure

June 30, 2022
Axie Infinity to deploy a large patch today

Axie Infinity to deploy a large patch today

June 30, 2022
Ethereum Rising Gas Fees are Still Concerning But Presents Opportunity For Decentralized Exchanges

Ethereum Rising Gas Fees are Still Concerning But Presents Opportunity For Decentralized Exchanges

June 30, 2022
Crypto Vs. Stocks: The Similarities and Differences | by Cryptohopper | The Capital | Jun, 2022

Crypto Vs. Stocks: The Similarities and Differences | by Cryptohopper | The Capital | Jun, 2022

June 30, 2022
OpenSea data breach causes massive leak of users’ email addresses

OpenSea data breach causes massive leak of users’ email addresses

June 30, 2022
Deutsche Bank Predicts Bitcoin May Reclaim $28,000 This Year

Deutsche Bank Predicts Bitcoin May Reclaim $28,000 This Year

June 30, 2022
Marathon Digital Holdings Provides Update on Its Bitcoin Mining Operations in Montana

Marathon Digital Holdings Provides Update on Its Bitcoin Mining Operations in Montana

June 30, 2022
  • Contact Us
  • Privacy Policy
Thursday, June 30, 2022
Mount Rushmore Crypto
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • Store
No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • Store
No Result
View All Result
Mount Rushmore Crypto
No Result
View All Result
Home Crypto

Here’s How Bitcoin Might Benefit From Low Numbers in U.S. Jobs Report

Automatic by Automatic
October 10, 2021
in Crypto, Top News
0
Here’s How Bitcoin Might Benefit From Low Numbers in U.S. Jobs Report
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter


Arman Shirinyan

While the U.S. shows questionable jobs statistics, the cryptocurrency market is on the rise

Related articles

SEC Is Discriminating Against Grayscale: CEO on Suing SEC

SEC Is Discriminating Against Grayscale: CEO on Suing SEC

June 30, 2022
OmniaVerse – Will emergence of this unique young Crypto star bring new hope for the Crypto world.

OmniaVerse – Will emergence of this unique young Crypto star bring new hope for the Crypto world.

June 30, 2022

Contents

  • Jobs report role in economics
  • How might Bitcoin and crypto benefit?

While most countries recover from the “covid crisis,” the U.S. was showing significant growth and recovery since the beginning of the year. But according to the latest jobs report, the country is not keeping up with the stated recovery rates and is adding fewer jobs than expected, which means that the cryptocurrency market might receive unexpected benefits from it.

Jobs report role in economics

One of the main indications of the country’s macroeconomic status is the report on the current number of employers, unemployment rates and job growth rates, which are all compiled in one report. According to the report, institutions like the Federal Reserve are able to correct their current rhetorics and strategies.

Jobs report statistics
Source: Nypost

Positive recovery on the jobs market is also an indication for non-resident investors who are more likely to invest in the country’s economy if the job market is growing. After the latest report, we should expect an increase in the key interest rate and tapering initiation.

How might Bitcoin and crypto benefit?

First and foremost, questionable job statistics in the country directly impact its national currency and have a negative impact on inflation. While investors see increasing inflation in the national currency, they tend to redistribute their funds in order to protect them from it.

Bitcoin and major altcoins sometimes become effective tools that investors add to their portfolios to increase volatility and add more diversity. Though Bitcoin has been actively following the stock market in general, it may still keep more of its value due to its decentralized nature once the Fed initiates the tapering of the market.

Back in February 2020, when traditional markets faced a massive 30-50% crash due to the introduction of the first covid restrictions, Bitcoin reacted with 30% growth, which indicates that cryptocurrency can still remain an alternative way of preserving capital in periods of crisis on traditional financial markets.



Source link

ShareTweetShareShare
Previous Post

Financial Industry Professionals Agree That Future of DeFi Requires Cross-Chain Interoperability and Seamless Liquidity Transfer Services

Next Post

El Salvador to build $4M veterinary hospital using profits from Bitcoin trust

Related Posts

SEC Is Discriminating Against Grayscale: CEO on Suing SEC

SEC Is Discriminating Against Grayscale: CEO on Suing SEC

by Automatic
June 30, 2022
0

Yuri Molchan Grayscale CEO explains why SEC is wrong in rejecting their spot BTC ETF and what arguments they have...

OmniaVerse – Will emergence of this unique young Crypto star bring new hope for the Crypto world.

OmniaVerse – Will emergence of this unique young Crypto star bring new hope for the Crypto world.

by Automatic
June 30, 2022
0

Toronto, June 28, 2022 (GLOBE NEWSWIRE) — Even with the current state of the Crypto Market, a first of its...

One More Way to Make Working From Home Secure

One More Way to Make Working From Home Secure

by Automatic
June 30, 2022
0

In the same way, individuals can prove that, for example, they have paid their taxes, that they live in a...

Axie Infinity to deploy a large patch today

Axie Infinity to deploy a large patch today

by Automatic
June 30, 2022
0

Axie Infinity is set to enter a crucial phase in its development after months of delay. The Axie Infinity team...

Ethereum Rising Gas Fees are Still Concerning But Presents Opportunity For Decentralized Exchanges

Ethereum Rising Gas Fees are Still Concerning But Presents Opportunity For Decentralized Exchanges

by Automatic
June 30, 2022
0

Paying gas fees is a crucial component of exchanging crypto and mining digital assets yet remains a significant cost barrier...

Load More

Enter your email address:

Delivered by FeedBurner

Quick Navigate

  • Home
  • Crypto
  • Crypto Technical Analysis
  • Top News
  • Thank You
  • Store

Top News

Starbucks joins NFT party, UK government seeks stablecoin regulations and Crypto Twitter rallies behind cancer fighter, Hodler’s Digest: Apr. 3-9

Katie Haun’s VC Firm Leads $11M Round for Web 3 Community Platform Highlight

We Still Know Nothing About the Metaverse

© 2021 mtrushmorecrypto - Crypto Related News Blog

No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • Store

© 2021 mtrushmorecrypto - Crypto Related News Blog

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT