“Down significantly ahead of the jobs data, bitcoin rose modestly to $67,500 following the news.”, — write: www.coindesk.com
There were 130,000 jobs added in January, according to a Wednesday report from the Bureau of Labor Statistics. Economist forecasts had been for 70,000 jobs added, up from job growth of 48,000 in December.
The unemployment rate fell to 4.3% versus forecasts for 4.4% and December’s 4.4%.
Trading in a tight range close to $69,000 for much of the week, bitcoin BTC$67,496.43 had dipped back to the $67,000 area in the hours prior to the report. In the immediate aftermath of the strong data, bitcoin rose to $67,500, although still down 2% over the past 24 hours.
US stock index futures are continuing with modest gains, the Nasdaq 100 higher by 0.55% and the S&P 500 by 0.5%. Lower earlier, the dollar is now higher on the session, and the 10-year US Treasury yield has jumped five basis points to 4.20%.
After having cut rates multiple times in the second half of 2025, the Federal Reserve held policy steady at its January meeting, and members showed little inclination to resume rate cuts at the bank’s next meeting in March.
Ahead of this morning’s job numbers, interest rate traders were placing just 21% chances of a March easing, according to CME FedWatch. Just following the report, those chances had dipped to 19%.
Last week’s downturn was driven by yen carry trades and macro leverage, highlighting how deeply digital assets are now tied to traditional markets, panelists at Consensus Hong Kong 2026 said.
- Panelists said yen carry trade unwinds and rising margin requirements pressured crypto alongside gold and silver.
- Despite volatility and outflows, roughly $100 billion remains in bitcoin ETFs.
- A more permissive regulatory climate is pushing institutions toward public blockchains and stablecoin-based settlement.
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