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A Hot Jobs Report Could Send Bitcoin to $15,000, Hedge Fund Says

  • US payrolls may roil markets by stoking rate-hike expectations
  • Hedge fund AlphaTrAI says Bitcoin tied to macro-sentiment
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The Next Bitcoin Explosion

A stronger-than-expected US jobs report on Friday could send convulsions through cryptocurrencies and push Bitcoin to as low as $15,000, according to a hedge fund that dumped much of its crypto holdings in late August. 

Elevated employment figures would raise the odds of more jumbo interest rate increases by the Federal Reserve, jeopardizing the $20,000 level at which Bitcoin has been holding firm since a mid-August selloff, said Max Gokhman, chief investment officer of AlphaTrAI.