U.S. unemployment reaches a 17-year high, sending a positive signal for bitcoin bulls

According to a report by Bijie Network: The number of layoffs in the United States surged by 205% in January, reaching 108,435, the highest record since 2009. This indicates that the labor market is cooling down and may force the Federal Reserve to cut interest rates. Such a potential easing policy could support bitcoin, which is currently still down nearly 50% from its all-time high of over $126,000.