BREAKING: US Nonfarm Payrolls and Unemployment Data Released! Here’s Bitcoin’s (BTC) First Reaction!
Bitcoin (BTC), Ethereum (ETH) and altcoins have made significant gains in the last 24 hours, driven by increased liquidity and positive tariff news from the US.
As the BTC price climbs to $109,000, last seen on June 11, bullish expectations continue to rise.
While analysts state that major excuses such as the FED’s interest rate cut are needed for the rise in Bitcoin to continue, today the US Non-Farm Employment data, which is of great importance in the FED’s interest rate decision, was announced.
The data announced on the first Friday of each month is closely followed by investors and interested parties to understand the state of the economy.
The data disclosed is as follows:
Nonfarm Payrolls Data: 147k Announced vs. 111k Expected vs. 139k Previous
Unemployment data: Announced 4.1% – Expected 4.3% – Previous 4.2%
Bitcoin’s reaction after the incoming data was as follows:
*This is not investment advice.
