PiCK
Bitcoin Surpasses $105,000
Son Min
- Bitcoin surpassed $105,000, rising 0.94% from 24 hours ago.
- Bitcoin rose 3.36% after the data release, as expectations for interest rate cuts increased.
- According to the U.S. Department of Labor, new jobless claims exceeded expectations, suggesting a cooling labor market.
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- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
Bitcoin (BTC) has surpassed $105,000.
As of 11:45 PM on the 23rd, Bitcoin is trading at $105,107 on the Binance USDT market, up 0.94% from 24 hours ago.
This is interpreted as a result of increased expectations for interest rate cuts, as the newly announced jobless claims suggest a cooling labor market. Bitcoin rose about 3.36% after the data release.
Meanwhile, according to the U.S. Department of Labor, this week's new jobless claims were 223,000, slightly exceeding the forecast of 221,000. This is the highest number of applications since the first week of December.
The number of continuous jobless claims, which have been filed for two consecutive weeks, also exceeded expectations at 1,899,000, marking the highest level since 2018 (excluding the pandemic).
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBitPiCK News
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