Unemployment Report Sparks Altcoin Rally Amid Weak Job Openings and Dropping Interest Rates | Flash News Detail | Blockchain.News

Unemployment Report Sparks Altcoin Rally Amid Weak Job Openings and Dropping Interest Rates

9/4/2024 7:35:56 PM

Unemployment Report Sparks Altcoin Rally Amid Weak Job Openings and Dropping Interest Rates

According to CryptoMichNL, the latest job openings report revealed a figure of 7.67 million, falling short of the expected 8.10 million and marking the worst report since April 2021. This has led to a substantial drop in interest rates and a weakened $DXY index. Consequently, altcoins are experiencing a bounce. (Source)

Altcoins Job Openings interest rates $DXY

More from Michaël van de Poppe (@CryptoMichNL): Macro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast