US payrolls rise just 29,000 in September, can Bitcoin price rally?

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U.S. payrolls increased by just 29,000 in September, signaling a sharp cooling in hiring and potentially strengthening expectations for Federal Reserve rate cuts. That could support Bitcoin by easing financial conditions and boosting demand for risk assets, but the jobs figure alone does not guarantee a rally. Bitcoin’s response will also depend on inflation data, Fed guidance, and broader market sentiment.

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