Bitcoin Flounders Ahead of Friday Jobs Report That Might Push Fed to Slash Rates by 50 Basis Points
The U.S. central bank has indicated it will begin cutting the fed funds rate at its mid-September meeting, but the size and speed of the easing cycle is up for debate.
Tomorrow's August jobs report is likely to go a long way to determining the size of the upcoming Fed rate cut
Fed easing cycles are normally associated with good things for bitcoin, but not so much this time aroundFOR...