Bitcoin Wavers as US Jobless Claims Plunge, Fed Rate Hike Bets Rise

Bitcoin faced renewed volatility on Thursday after stronger-than-expected U.S. labor data fueled speculation that the Federal Reserve could maintain its hawkish stance. Initial jobless claims fell by 10,000 to 196,000 for the week ending September 12, well below the 207,000 forecast. The four-week moving average declined to 203,250, supporting tighter policy.