Grayscale: U.S. employment report suggests fewer rate cuts, still favorable for BTC

ChainCatcher News, the strong U.S. employment report for September suggests that the pace of interest rate cuts may slow, but it still bodes well for Bitcoin as investors show interest in higher-risk assets.

Grayscale's research director Zach Pandl stated, "While the economy is growing robustly, discussions about Federal Reserve rate cuts and debates about expanding the government deficit continue, which should be a net positive for investors' risk appetite, but may reignite inflation risks in the medium term."