Bitcoin Retakes $30K, Asian Stocks Hit 5-Week Low Ahead of U.S. Jobs Report

📆 7/07/2023 7:26 a. m.
📰 CoinDesk

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$BTC has regained some poise in the lead up to a U.S. payrolls figure that could inject more volatility into financial markets. reports godbole17.

The U.S. is thought to have added 205,000 jobs last month, FactSet's consensus estimates show, following an increase of 339,000 in May and 294,000 in April.

The unemployment rate probably dropped to 3.6% from 3.7%, while average hourly earnings are expected to have increased by 0.3%, matching May's growth rate.Fed funds futures indicate traders see an 89% chance of the Federal Reserve raising interest rates by 25 basis points to the 5.25%-5.5% range later this month. That's slightly less than the 94% seen following Thursday's ADP report and ISM services PMI data.

The focus will also be on how the Treasury yield curve responds to the figure. If the curve begins to

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