Bitcoin surged to $108,000 as US jobs data showed a significant drop, leading to a short squeeze. Labor market weakness increases the odds of Federal Reserve interest-rate cuts, boosting risk assets.
As the United States national debt continues its upward trajectory, surpassing an unprecedented $37 trillion , a growing contingent of investors and analysts are turning their attention to Bitcoin as a potential hedge against economic uncertainty. This staggering debt, which represents 122% of the country's annual gross domestic product (GDP) , has ignited conversations about the long-term stability of the U.S.
