The unemployment rate fell, the US dollar index climbed, and Bitcoin and the S&P 500 index also rose.

According to the US Bureau of Labor Statistics, non-farm payrolls increased to 254,000, exceeding expectations, and the unemployment rate fell to 4.1%, highlighting the strength of the labor market. This news pushed the US dollar index up, and the S&P 500 and Bitcoin also rose, breaking the pattern of stock market and cryptocurrency adjustments when the US dollar strengthened in the past.

Market risk appetite has increased, and all news has been positively reacted to. Although gold fell after the non-farm report, the correlation between Bitcoin and the stock market has increased due to market reaction. Although Bitcoin is often compared with gold, its recent volatility and reaction to economic data are more like stocks.

Data shows that Bitcoin's return rate is better than most assets, while gold's risk-adjusted return rate is even better. Whether this means that traditional investors are using Bitcoin to increase stock exposure is worth further observation. #非农人数大幅升温