Bitcoin Soars Following US Jobs Report, Bolstering Rate Cut Hopes

Bitcoin’s price surged following the release of the U.S. jobs report, sparking hopes for interest rate cuts. As of April 29, 2025, Bitcoin traded at around $95,284, representing a 1.51% gain within the past 24 hours. The rising price is attributed to strong institutional interest and substantial ETF inflows exceeding $591 million. Experts believe this momentum could push Bitcoin closer to its all-time high of around $100,000.