“US Jobs Report and Fed Rate Cut Bets Drive Demand for US BTC-Spot ETFs”

As investor bets on a September Fed rate cut rise, buyer demand for US BTC-spot ETFs is fueled. The US Jobs Report, which showed softer wage growth and a higher unemployment rate, has led to speculation that the Fed may need to consider labor market conditions. This could potentially trigger fears of a US hard landing among investors.

Parker Ross, the Global Chief Economist at Arch Capital Group, commented on the US Jobs Report, stating that it is increasingly likely that the labor market is approaching an inflection point and the Fed should take notice. The US unemployment rate has increased for the third consecutive month to 4.1%, the highest since November 2021.

Despite the potential challenges ahead, such as the upcoming US CPI Report and Fed Chair Powell’s testimony on Capitol Hill, there is optimism that a Fed rate cut may be on the horizon. This could drive buyer demand for US BTC-spot ETFs and counter the impact of the Mt. Gox supply.

Investors in BTC-spot ETFs may see the anticipated Mt. Gox supply as a buying opportunity, especially if there is a surge in BTC supply. This could provide them with an attractive entry price in a Fed monetary policy easing cycle.

In conclusion, the US economic calendar will play a significant role in influencing buyer demand for US BTC-spot ETFs. As investor bets on a September Fed rate cut increase, it could offset any potential negative impact from Mt. Gox repayments to creditors. Stay informed with the latest updates and insights to effectively navigate the crypto market.