Bitcoin Dips After Strong U.S. Jobs Report
U.S. jobs report beats expectations, but Bitcoin dips to $96.7K amid wage and tariff concerns.
- U.S. adds 177K jobs in April, beating estimates
- BTC falls to $96.7K despite solid job data
- Wage growth and tariffs stir market caution
Stronger U.S. Jobs Report Rattles Crypto Markets
The U.S. economy surprised to the upside in April, adding 177,000 jobs, well above the expected 130,000. The unemployment rate remained steady at 4.2%, reinforcing the view that the labor market remains resilient despite ongoing tariff tensions.
While these figures might suggest economic health, markets — especially crypto — reacted cautiously. Bitcoin dropped to $96,700 shortly after the report, as investors weighed the implications for future monetary policy and risk sentiment.
Why Strong Jobs Data Hurt Bitcoin
At first glance, a stronger labor market should be good news. But in the current macro environment, better-than-expected jobs data raises concerns that the Federal Reserve may delay interest rate cuts. For risk-on assets like crypto, the prospect of tighter monetary conditions can be a bearish signal.
Another factor was wage growth, which came in slightly below forecasts. This mixed signal added to market uncertainty. Meanwhile, ongoing tariff disputes remain a background concern, potentially slowing global trade and increasing volatility across asset classes.
Crypto Faces Crosswinds from Economic Signals
Bitcoin’s brief dip below $97K underscores how sensitive the crypto market has become to macroeconomic indicators. While long-term sentiment remains bullish, short-term reactions to data like jobs reports or inflation figures are increasingly shaping day-to-day price movements.
As investors parse through economic signals, they’ll be watching for clarity on Fed policy moves and broader market stability. In the meantime, expect continued volatility as crypto adapts to a more data-driven trading environment.
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