Bitcoin Volatility Soars Amidst U.S. Jobs Data; Gold Hits Record High

The cryptocurrency market experienced significant volatility on Friday following the release of US jobs data that fell short of expectations, sending Bitcoin’s value plummeting. Following a brief surge to an all-time high of $113,400 in September, Bitcoin saw a sharp decline, dropping nearly $3,000 within an hour. The disappointing report showed the U.S. economy added only 22,000 jobs in August, far below expectations of 75,000. This unexpected result led to a weakening dollar and a surge in gold prices, which reached a new record high.