Economist and trader Alex Krüger expressed optimism about the U.S. job market and its trickledown effect on the cryptocurrency market and Bitcoin (CRYPTO: BTC) prices.
What Happened: Krüger stated on social media, “Extremely strong payrolls. U.S. job markets screaming “no recession anywhere in sight.” He updated his Bitcoin price forecast to $65,000 to $68,000 into election night from his earlier prediction of $62,000 to $65,000, expecting it to be “pulled up by equities.”
He believes that unless a significant event occurs in the Middle East, U.S. equities are likely to make new all-time highs soon, which could in …
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