US Nonfarm Payrolls Estimated at 85K, Will Cooling Jobs Data Boost Fed Rate Cut Hopes & Bitcoin?

Wall Street estimated US nonfarm payrolls at 85K, indicating cooling US jobs data after months of job gains. Moreover, the US unemployment rate is projected to hold steady at 4.3%. While retail and institutional investors brace for volatility and uncertainty, a slowdown in job data could revive hopes of a Fed rate cut and Bitcoin