{"id":144052,"date":"2024-12-05T18:40:53","date_gmt":"2024-12-05T16:40:53","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=144052"},"modified":"2024-12-05T18:40:53","modified_gmt":"2024-12-05T16:40:53","slug":"bitcoin-on-track-for-more-gains-as-unemployment-data-drives-optimism","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoin-on-track-for-more-gains-as-unemployment-data-drives-optimism\/","title":{"rendered":"Bitcoin on Track for More Gains as Unemployment Data Drives Optimism"},"content":{"rendered":"

As Bitcoin<\/a> <\/strong>hovers above the $100,000 mark, Cowen suggests<\/a> <\/strong>that the market may still have room for further gains by the year\u2019s end. Drawing from past trends following Bitcoin\u2019s halving events, he speculates that the flagship cryptocurrency could experience another surge, provided certain conditions align.<\/p>\n

A key factor in Cowen\u2019s optimistic outlook is the state of the U.S. labor market. He notes that Bitcoin\u2019s price seems to be closely tied to shifts in unemployment rates, and if the unemployment rate remains stable or shows a slight decline, Bitcoin could see continued upward movement.<\/p>\n

The analyst points to recent data showing the U.S. unemployment rate at 4.1% in November, which mirrors the figure from the prior month. Cowen argues that if the rate holds steady or dips slightly, Bitcoin could benefit, as the cryptocurrency has historically flourished when unemployment numbers are stable or falling.<\/p>\n