Hold onto your hats, crypto enthusiasts! Bitcoin is on a rollercoaster ride, bouncing back over a grand after dipping earlier today.
In a dramatic twist, the latest jobs report from the U.S. has left economists scratching their heads. With the presidential elections just around the corner, the stakes are high. The country only added 12,000 jobs in October—a far cry from the 120,000 jobs economists had hoped for.
Some blame the weak numbers on two recent hurricanes and a strike at Boeing. But still, 12,000 is nothing compared to the 223,000 jobs added in September, which was the best job growth month of the year since March. Before this hiccup, the average monthly job gain in 2024 was around 200,000.
This report is quite the plot twist as America gears up for the November 5 presidential elections. On one side, we've got Republican Donald Trump, and on the other, Democrat and current Vice President Kamala Harris. While some betting markets show Trump in the lead, other polls tell a different story.
In true Bitcoin style, the digital currency had a surprising reaction to the gloomy economic news, soaring above $70,000! Earlier today, it had taken a tumble from $72,000 to under $69,000. Who knew Bitcoin could be so unpredictable? Stay tuned for more twists and turns in the crypto world!
