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1h 29m ago

Bitcoin (BTC) Gains Amid Fed Rate-Cut Bets as Weak U.S. Jobs Data and Rising Credit Use Shape Risk Asset Outlook

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COINOTAG News reports that after softer U.S. labor data, markets price in a Fed rate cut today. The quit rate sits around 1.8%, the lowest since 2020, while the layoff rate nears a three-year high, signaling easing wage pressure. This dynamic is a key driver for Bitcoin and other risk assets, as investors await policy signals. Consumers are increasingly relying on credit amid a slowing macro backdrop, with CPI readings hovering near but above target, complicating the growth trajectory for markets.

Meanwhile, U.S. credit card debt has surpassed $1.2 trillion, with average APRs above 20%. Household finances are tightening, elevating macro risk for crypto exposure. For traders, the setup calls for cautious positioning: a potential rate cut may provide price support, but fragile growth and stretched budgets could magnify shocks across risk assets.

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    Bitcoin (BTC) Gains Amid Fed Rate-Cut Bets as Weak U.S. Jobs Data and Rising Credit Use Shape Risk Asset Outlook - Breaking News