Jobs Report
September U.S. jobs topped forecasts while the unemployment rate ticked up, boosting expectations for a Federal Reserve rate cut and sending Bitcoin higher. The mixed labor read highlights how macro data can quickly shift crypto market sentiment.
Despite concerns over the August jobs report, major financial institutions like Morgan Stanley and Deutsche Bank view it as stable. This confidence could influence the crypto market positively, offering opportunities for investors to consider platforms like Bitlet.app for flexible crypto purchases.
Bitcoin's price slightly increased to $110,889.18 amid disappointing U.S. jobs data, which raised expectations for a Federal Reserve rate cut. Despite positive movement, technical analysis suggests possible further declines, with key support levels highlighted. Market watchers remain cautious as Treasury yield volatility may influence Bitcoin and broader risk assets.
On August 1, 2025, major U.S. stock indices fell sharply due to disappointing employment figures and fresh tariffs announced by President Trump. This downturn pressured interest rates and impacted the cryptocurrency market, with Bitcoin and major crypto stocks experiencing significant declines.