Bitcoin Volatility Follows U.S. Job Market News

Following the release of U.S. nonfarm payroll data, Bitcoin’s value saw fluctuations, reaching a high of 92,564 USDT before dropping to 91,841 USDT, marking a daily gain of 0.4%. This surge aligns with the positive employment figures released by the U.S. Bureau of Labor Statistics. U.S. jobs increased by 119,000 in September, signifying the largest job growth since April. The revised July and August nonfarm employment figures further highlight the market’s dynamic nature. Notably, the July and August numbers were adjusted with a decrease of 7,000 jobs in July and 26,000 jobs in August from an initial increase of 79,000 and 22,000 respectively. This adjustment resulted in a total reduction of 33,000 jobs compared to the initial reports.