could hit new all-time highs in the first quarter of 2025 despite slower-than-expected US hiring in January, Zach Pandl, Grayscale’s head of research, told Cointelegraph. On Feb. 7, US officials said the country’s economy added 143,000 jobs in January, slightly below forecasts. “Bitcoin is likely to take today’s jobs report in stride,” Pandl said on Feb. 7. According to him, the report could “reinforce expectations that the Fed will be on hold for a while but is unlikely to result in material repricing.” Meanwhile, “Bitcoin and other digital assets are benefiting from a variety of policy-related tailwinds,” including progress on stablecoin legislation, he said. Stablecoins are digital tokens pegged to a fiat currency, usually the US dollar. As a result, Pendl said h
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