As reported by Bitcoin.com, Bitcoin climbed nearly 2% following a weaker-than-expected jobs report that increased the likelihood of a Federal Reserve rate cut. Private employers cut 32,000 jobs in November, led by small businesses, according to ADP. The data boosted market optimism, with both stocks and Bitcoin rising. Analysts expect the Fed to cut rates by 25 basis points next week. Institutional support also grew, with Charles Schwab and Vanguard expanding access to crypto products.
Bitcoin Rises on Weak Jobs Report, Fed Rate Cut Expected
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