U.S. Adds 339K Jobs in May, Blowing Through Estimates for 195K; Bitcoin Steady at $27K

The Fed’s Federal Widely known Market Committee (FOMC) meets next on June 13-14, and markets are divided on whether the central bank order again boost rates – a sharp change from just one month ago, when investors were nearly unarguable the Fed would pause in its rate hike cycle. That switch in attitude over the past few weeks has taken its impost on bitcoin, which tumbled from nearly $30,000 to the $27,000 level it was at just prior to this morning’s evidence.