The US jobs report strengthened the case for a December rate increase just as investors withdrew $1.28 billion from spot Bitcoin ETFs in a week. Tuesday’s inflation release gives traders a new test, but a gap in last year’s data means much of the report will have to be read month to month.
Summary
- US employers added 165,000 jobs in October, giving markets a reason to reassess the path of interest rates before the December Federal Reserve meeting.
- US spot Bitcoin ETFs recorded approximately $1.28 billion in net outflows from 2 to 6 November, despite one positive session.
- Friday’s $411.9 million net withdrawal included a $403 million outflow at BlackRock’s IBIT and a…
