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Bitcoin hits new 10-week high as Trump demands rate cut on US jobs beat

cryptoweekly by cryptoweekly
May 2, 2025
in bitcoin, News
0

Bitcoin joins stocks in preserving modestly higher levels on the day, while US nonfarm payrolls data shows the labor market “holding up” better than expected.

Key points:

The US labor market is “still holding up” as nonfarm payrolls data comes in higher than expected.

Bitcoin and stocks head higher as US President Donald Trump repeats calls for the Fed to lower interest rates.

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Recent Posts
  • Crypto sentiment holds steady as Bitcoin drops to $105K
  • New York AG urges Congress to bolster protections in crypto bills
  • US sanctions crypto wallet tied to ransomware, infostealer host
  • SEC approves conversion of Grayscale's large-cap crypto fund into ETF
  • SOL ETF news gain evaporates, while chart warns of another 20% drop
  • Bitcoin at risk of deeper drop as BTC slips below key support levels
  • US regulator considers simplified path to market for crypto ETFs

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