Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Bitcoin surges to two-week high on weak September jobs data, Fed rate cut bets

Bitcoin surges to two-week high on weak September jobs data, Fed rate cut bets

Cryptobriefing2025/10/01 19:03
By:Cryptobriefing

Key Takeaways

  • Bitcoin reached a two-week high following weaker-than-expected private payroll data from ADP.
  • Investors expect the Federal Reserve may cut interest rates sooner due to signs of economic softening.

Bitcoin rose to a two-week high of above $117,000 today following weaker-than-expected private payroll data from ADP, a payroll services provider, which strengthened expectations for Federal Reserve interest rate cuts.

The flagship cryptocurrency gained momentum as investors interpreted the disappointing jobs report as evidence of economic softening that could prompt more accommodative monetary policy. Risk assets typically benefit from lower interest rate environments due to increased market liquidity.

Recent labor market revisions have amplified fears of an economic slowdown, with cooling inflation metrics and declining labor participation strengthening the case for imminent Fed rate adjustments.

Historical patterns suggest cryptocurrencies often perform well during fall months, with current market sentiment aligning with policy-driven optimism. The combination of weakening economic indicators and seasonal trends has created a favorable environment for digital asset gains.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

TRON Ecosystem Enters a New Era of Decentralized Trading: SunPerp Launches Revolutionarily and Releases New Chinese Brand "孙悟空" (Sun Wukong)

The TRON ecosystem has launched its first decentralized perpetual contract exchange, SunPerp, which uses a hybrid architecture to achieve high-speed trading and on-chain fund custody. It has also released a Chinese brand named "Sun Wukong." Summary generated by Mars AI. This summary was generated by the Mars AI model, and its accuracy and completeness are still being iteratively improved.

MarsBit2025/10/02 11:09
TRON Ecosystem Enters a New Era of Decentralized Trading: SunPerp Launches Revolutionarily and Releases New Chinese Brand "孙悟空" (Sun Wukong)

Grayscale: The Credibility Crisis of Fiat Currencies and the Opportunities for Crypto Assets

This article summarizes the key points of the Grayscale Investment Report, which states that amid the continued disorderly expansion of U.S. public debt and rising bond yields, the credibility of the U.S. dollar is being challenged. This situation provides macro-level hedging value for crypto assets such as bitcoin and ethereum, driving them to become alternative stores of value.

Chaincatcher2025/10/02 11:02
Grayscale: The Credibility Crisis of Fiat Currencies and the Opportunities for Crypto Assets

Philanthropist or Predator? The Crypto Business of Global Top Influencer "MrBeast"

MrBeast's "two faces" in the crypto world

Chaincatcher2025/10/02 11:00
Philanthropist or Predator? The Crypto Business of Global Top Influencer "MrBeast"

Vitalik Buterin and Dr. Xiao Feng jointly initiate the Ethereum Application Alliance (EAG), inviting global Ethereum builders to co-create a new paradigm of collaboration.

Xiao Feng and Vitalik jointly launched the "Ethereum Application Alliance" (EAG) initiative to promote the ecosystem's transition towards application-driven development.

Chaincatcher2025/10/02 10:58
Vitalik Buterin and Dr. Xiao Feng jointly initiate the Ethereum Application Alliance (EAG), inviting global Ethereum builders to co-create a new paradigm of collaboration.