Bitcoin’s momentum hinges on a critical labor market report from the United States, which may influence crypto investor sentiment leading into March. The US Bureau of Labor Statistics is set to publish its US labor market report on Feb.
Bitcoin hit a new all-time high amid positive developments while leading altcoins like RAY and MSOL surged amid a slowdown in the broader altcoin market.
Fartcoin (FARTCOIN) led the highest gains over the past week among the largest 100 crypto assets by market cap. The Solana-based meme coin rallied 69.4% over the last 7 days to $1.42 at press time while its market cap has jumped to $1.41 billion.
On Friday, the price of Bitcoin (BTC) hit the $102,000 mark, increasing by 8.4% on the weekly chart. The ongoing positive sentiment surrounding Bitcoin is largely fueled by hype around Donald Trump’s inauguration on January 20.
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As guidelines from the Trump administration trickle down, they will likely fall under these government agencies to implement.
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Union membership levels dipped ever so slightly in 2024 as government workers maintained outsized representation in the ranks of organized labor, a government report Tuesday said. Some 9.9% of American workers were represented by unions,
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Explore 5 major US economic events, including consumer confidence and GDP reports, that are influencing Bitcoin’s price and investor sentiment this week.
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