U.S. jobs exceed expectations, putting pressure on Bitcoin – November 6, 2026
The U.S. economy added around 165,000 jobs in October, exceeding expectations of just 65,000 jobs and signaling continued strength in the U.S. labor market.
These figures may increase the likelihood that interest rates will remain higher for longer, potentially supporting the dollar and weighing on high-risk assets, especially Bitcoin and other cryptocurrencies.
A strong labor market could reduce the chances of an interest rate cut in the near future, potentially putting pressure on Bitcoin and increasing market volatility as investors await upcoming economic data.
The U.S. economy added around 165,000 jobs in October, exceeding expectations of just 65,000 jobs and signaling continued strength in the U.S. labor market.
These figures may increase the likelihood that interest rates will remain higher for longer, potentially supporting the dollar and weighing on high-risk assets, especially Bitcoin and other cryptocurrencies.
A strong labor market could reduce the chances of an interest rate cut in the near future, potentially putting pressure on Bitcoin and increasing market volatility as investors await upcoming economic data.
