Bitcoin price breaks through $50,000, share price declines after disappointing U.S. employment report
The S&P 500 Index fell to its intraday high on September 2, while (Bitcoin) Climbed to the highest level in more than three months. This is because an important report on September 3 showed that the U.S. economy has created fewer jobs than expected, reducing the possibility that the Fed will begin to withdraw from the stimulus plan this year.
U.S. Bureau of Labor Statistics disclose The number of non-farm payrolls (NFP) increased by 235,000 in August, compared with expectations of 733,000. Nevertheless, the unemployment rate fell slightly to 5.2% from 5.4% last month.
Converged Media Fusion Media or anyone related to Fusion Media will not be liable for any loss or damage caused by relying on the data, quotations, charts, and buy/sell signals contained in this website. Please fully understand the risks and costs associated with financial market transactions. This is one of the most risky forms of investment.