![Bitcoin Price's (BTC) Next Move Might Depend on Interest Rate Stephen Alpher](https://btcusa.com/wp-content/uploads/2023/12/Bitcoin-Prices-BTC-Next-Move-Might-Depend-on-Interest-Rate-678x381.jpg)
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Economists are expecting Friday’s report to show a job gain of 185,000 in November, with the unemployment rate flat from October at 3.9%. A sizable miss to the downside is likely to reinforce bets about lower interest rates and might provide the fuel for bitcoin’s run to $50,000. The flip side, however – jobs added of 200,000 or more – might prompt a reversal of those rate cut bets and take a chunk out of bitcoin’s recent rally.
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