Bitcoin Soars After Weaker-Than-Expected U.S. Jobs Report

The recent U.S. jobs report, showing weaker job growth than expected with only 22,000 new jobs added in August and an unemployment rate of 4.3%, sent ripples through the cryptocurrency market, particularly Bitcoin. This unexpected data release triggered a surge in Bitcoin prices, reaching as high as $111,850 intraday. Analysts highlight this significant price jump as evidence of market sensitivity to economic indicators and potential shifts in investor strategies.