Bitcoin And Ethereum Dip Ahead Of Jerome Powell Speech And Jobs Data As Investors Hope For An Uptober Bull Run
Crypto market leaders Bitcoin and Ethereum experienced small pullbacks ahead of Federal Reserve Chair Jerome Powell’s speech later today and the upcoming release of US jobs data on Friday, Oct. 4 Bitcoin tumbled more than 1% to trade at $64,538.67 as of 3:40 a.m. EST. Ether, the largest altcoin by market cap, saw its price dip a fraction, taking it down to $2,637.31, according to CoinMarketCap . Despite those dips, some analysts remain optimistic that an interest rate cut in the US and a package of stimulus measures in China are potential drivers of an Uptober bull run. China Stimulus And Macroeconomic Factors Could Ignite Next Bull Run On Sept. 27, BTC reached its highest point since July and soared to nearly $66,500. This rally was ignited by lower-than-expected personal consumption expenditure (PCE) data in the US, and followed news that China was taking measures, including an interest rate cut, to boost its faltering economy. Despite BTC’s recent pullback, analyst...