Bitcoin may hit new high if US employment, inflation slows
Bitcoin could hit new highs in a matter of days if it holds strong amid three-year low job openings and possible slowing inflation in the U.S., says crypto researcher Markus Thielen.
Bitcoin could hit a new all-time high as soon as next week following the lowest United States job openings in three years — a sign of a slowing economy — but two other indicators must be confirmed, according to a crypto researcher.
“Last night, another critical and forward-looking job metric, job openings, slowed down significantly,” 10x Research head of research Markus Thielen wrote in a June 4 report.
The U.S. Bureau of Labor Statistics June 4 report on Job Openings and Labor Turnover (JOLT) showed that, in April, the country had 8.1 million job openings with around 0.8 unemployed persons per job opening, the highest ratio since February 2021.
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Author: Ciaran Lyons
