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Unemployment Report Sparks Altcoin Rally Amid Weak Job Openings and Dropping Interest Rates | Flash News Detail | Blockchain.News
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9/4/2024 7:35:56 PM

Unemployment Report Sparks Altcoin Rally Amid Weak Job Openings and Dropping Interest Rates

Unemployment Report Sparks Altcoin Rally Amid Weak Job Openings and Dropping Interest Rates

According to CryptoMichNL, the latest job openings report revealed a figure of 7.67 million, falling short of the expected 8.10 million and marking the worst report since April 2021. This has led to a substantial drop in interest rates and a weakened $DXY index. Consequently, altcoins are experiencing a bounce.

Source

Michaël van de Poppe

@CryptoMichNL

Macro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast