Bitcoin Hits August High Above $65,300 Following US Jobs Data
Bitcoin reached month-to-date highs above $65,000 as risk assets advanced following lower-than-expected US nonfarm payrolls figures.
Bitcoin climbed to a month-to-date high above $65,300, tracking gains across broader risk assets following the release of lower US nonfarm payrolls data. The softer employment figures cooled expectations regarding the trajectory of future Federal Reserve interest rate policy, providing a lift to digital assets and other risk-sensitive markets.
The cryptocurrency market reacted positively to the macroeconomic data, pushing prices to levels last seen in August. Market participants continue to monitor US economic indicators closely to gauge the central bank's next steps regarding monetary policy adjustments.
Marcus reports on digital assets, from spot ETF flows to protocol-level developments in DeFi. He pays particular attention to how institutional adoption is reshaping crypto market structure.
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