U.S. August Job Adds of 187K Vs Estimates for 170K; Unemployment Rate Rises to 3.8%

With ETF hopes shelved for what could me many more months, bitcoin bulls might be looking to a softening in the economy and thus lower interest rates as a possible catalyst. While this morning’s report provided some interest in the form of a rising unemployment rate and a downward revision to July’s job additions, bitcoin, so far, is showing no positive reaction.