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US Jobs Smash Forecasts, Sending Gold and Bitcoin Lower

By Lockridge Okoth

Gold and Bitcoin fell as the US added 165,000 jobs in October. See how the jobs report shifts December Fed hike odds. The post US Jobs Smash Forecasts, Sending Gold and Bitcoin Lower appeared first on BeInCrypto.

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Bitcoin

The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.

Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.

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Federal Reserve

The central bank of the United States, which sets US interest rates and supervises banks.

Because the dollar is used worldwide, its rate decisions affect borrowing costs and markets in many other countries.

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