Following recent declines driven by tariffs between the US and China, Bitcoin (BTC) has seen a rebound. The crypto market continues to show resilience as Bitcoin’s price surpasses $97,000. Analysts suggest that both expanding DeFi applications and rising institutional interest are key drivers behind this surge, despite potential economic volatility stemming from the US Non-Farm Employment data released today. 177,000 new jobs were added in April according to the latest report. This number exceeded expectations of 138,000 reported by economists, as well as surpassing March’s impressive 228,000 job additions. The unemployment rate remained steady at a previous level of 4.2%, according to the data released today. Analysts are closely watching how these numbers impact the Federal Reserve’s decision regarding interest rates and its future implications for Bitcoin.