Golden Finance reported that Zach Pandl, director of research at Grayscale Investments, said that the non-farm payrolls data in November was higher than expected. However, the data also showed a concomitant rise in unemployment, which could force the Federal Reserve to cut interest rates later this month. He said: “Today’s employment report may solidify the case for another rate cut by the Federal Reserve at the upcoming meeting. All other things being equal, lower official interest rates tend to put pressure on the value of the dollar and benefit including Bitcoin. Other currencies including BTC. Although BTC fell back from above $100,000 yesterday, Grayscale Research believes that the cryptocurrency’s rally can continue into the new year.”