Episode Details
Back to Episodes
Bitcoin Rides Fed Rate Hesitation | Business and Finance News
Published 23 hours ago
Description
Bitcoin surged to $62,000 after a surprisingly weak June jobs report—only 57K jobs added vs. expected 113K—hinting the Fed may skip another rate hike, a boon for crypto. The market’s June slump, triggered by Fed rate fears and outflows from Bitcoin ETFs into AI stocks, now gets a reprieve as new Fed Chair Kevin Warsh signals progress toward 2% inflation without aggressive tightening.
Listen in comfort:
Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn
Advertise on DNN:
advertise@thednn.ai
This is an automated, high-level news summary based on public reporting.
Report issues to feedback@thednn.ai.
View sources & latest updates:
https://sources.thednn.ai/f389f88b56edd697