Breaking news

Bitcoin Falls To 6-Month Low Amid Fed Policy Uncertainty

Bitcoin experienced a dramatic downturn on Thursday, reaching levels not seen in over six months as investors reassessed their exposure to risk amid growing anticipation of potential Federal Reserve policy shifts.

Impact Of Robust Economic Data

A stronger-than-expected U.S. jobs report, which showed an increase of 119,000 jobs in September—significantly surpassing the 50,000 predicted by Dow Jones economists—has fueled speculation about the Fed’s next move. This surge in employment figures has raised the probability of a December rate cut to approximately 40%, according to the FedWatch tool.

Wider Cryptocurrency Market Decline

Bitcoin’s pullback, falling as low as $86,325.81 and trading at around $86,690.11, reflects a broader retreat in the cryptocurrency market. XRP has dropped by 2.3%, trading below the $2.00 threshold, while ether has declined more than 3% to trade well under $3,000. In contrast, Dogecoin remained unchanged, underscoring differing reactions within the crypto space following a series of liquidations in highly leveraged positions earlier in October.

Interconnected Market Dynamics

The decline of the world’s most established digital asset has also exerted downward pressure on stock markets, even after a robust earnings report from Nvidia. Investors with substantial stakes in both AI-related equities and cryptocurrencies appear to be recalibrating their portfolios in response to evolving macroeconomic signals.

This convergence of economic indicators and asset price fluctuations underscores the intricate linkages between traditional financial markets and digital currencies in today’s complex investment landscape.

Cyprus GDP Growth Accelerates To 3.3% In Q2 2026 As Employment Rises

Cyprus’ seasonally adjusted GDP grew 0.8% in the second quarter of 2026 from the previous quarter, while employment increased 0.5%, according to Eurostat data.

Compared with the second quarter of 2025, GDP rose 3.3% and employment increased 1.6%. Quarterly economic growth accelerated from 0.5% in the first quarter.

Cyprus Growth Picks Up In Second Quarter

The 0.8% quarterly expansion followed growth of 1.2% in the fourth quarter of 2025 and 0.8% in the third quarter. Annual growth also accelerated to 3.3% from 3% in the first quarter, after reaching 4.2% in the fourth quarter and 3.5% in the third quarter of 2025.

Employment growth resumed after remaining unchanged in the first quarter. The 0.5% quarterly increase followed gains of 0.7% in the fourth quarter and 0.5% in the third quarter of 2025.

Annual employment growth slowed to 1.6% in the second quarter from 2% in both the first quarter of 2026 and the fourth quarter of 2025. Growth stood at 1.4% in the third quarter of 2025.

EU Growth Strengthens

Across the EU, GDP increased 0.7% in the second quarter from the previous quarter, while euro area output rose 0.6%. Both figures marked a sharp acceleration from the first quarter, when EU GDP grew 0.1% and euro area GDP was unchanged.

Year on year, GDP increased 1.4% in the EU and 1.2% in the euro area, up from 0.9% and 0.6%, respectively, in the previous quarter.

Ireland recorded the strongest quarterly growth at 10.2%, followed by Slovenia at 1.8% and Lithuania at 1.7%. Austria was the only member state to record a contraction, with GDP falling 0.1%.

Consumption And Trade Support Growth

Household consumption contributed 0.2 percentage points to quarterly growth in both the euro area and the EU. Net exports added 0.9 percentage points in the euro area and 0.8 points in the EU.

Inventory changes reduced growth by 0.5 percentage points in both regions. Gross fixed capital formation had little impact in the euro area and added 0.1 percentage points in the EU.

Employment increased 0.1% quarter on quarter in both the euro area and the EU. Annual employment growth reached 0.5% in the euro area and 0.4% in the EU, with 221.4 million people employed across the EU and 176.4 million in the euro area.

Hours worked increased 0.1% in both regions from the previous quarter. Compared with a year earlier, hours worked rose 0.7% in the euro area and 0.8% in the EU.

Employment Trends Vary Across Europe

Portugal recorded the strongest quarterly employment growth at 1%, followed by the Czech Republic and Malta at 0.9% each. Finland saw the largest decline, at 0.8%, followed by Greece at 0.4%.

In the United States, GDP increased 0.4% from the previous quarter and 2.1% year on year.

Uol
eCredo
Aretilaw firm
The Future Forbes Realty Global Properties

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter