US Labor Market Posts Strong Data—What It Means For Bitcoin

Economist and trader Alex Krüger expressed optimism about the U.S. job market and its trickledown effect on the cryptocurrency market and Bitcoin (CRYPTO: BTC) prices.

What Happened: Krüger stated on social media, “Extremely strong payrolls. U.S. job markets screaming "no recession anywhere in sight." He updated his Bitcoin price forecast to $65,000 to $68,000 into election night from his earlier prediction of $62,000 to $65,000, expecting it to be "pulled up by equities."

He believes that unless a significant event occurs in the Middle East, U.S. equities are likely to make new all-time highs soon, which could in ...

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