Forbes quoted Luke Davis in its September 4 coverage of Bitcoin's sharp decline and unconvincing recovery after the U.S. jobs report.
Luke connected the move to a change in interest-rate expectations. Stronger-than-expected employment data gave investors more reason to anticipate a Fed increase, strengthening the dollar and pushing Treasury yields higher.
The article explores how encouraging economic data can create a more difficult immediate backdrop for assets sensitive to financing conditions. Luke's comments appear alongside other analysts' interpretations of the sell-off.
