Bitcoin breaks $20k following NFP and unemployment data, as markets favour 25bps instead of 50bps
Quick Take
- +311k jobs created vs. estimate of +205k.
- 3.6% unemployment rate vs. an estimate of 3.4%
- Bitcoin broke $20,000 immediately after
- DXY retreats to 104.8, which sees an uplift on major currencies inc EUR and GBP
- While 25 bps is now the most likely for the upcoming FOMC meeting on 22nd March, with a terminal rate of 5.50%.
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