Jobs Report

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.