📉 Bitcoin (BTC) price drops 1% following blowout employment

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📉 Bitcoin (BTC) price drops 1% following blowout employment data report, with 336,000 jobs added in September, doubling economist forecasts. The unemployment rate remains unchanged at 3.8%. Bitcoin's price fell to $27,530 after the news. - This month's jobs numbers have taken on significance due to the rout in government bond prices over the past five weeks. - Bitcoin has managed to hold its own, rising from about $26,000 to $27,700 ahead of this morning's news. - Stock and bond prices were headed lower again, with Nasdaq 100 futures down more than 1% and the 10-year Treasury yield higher by eight basis points. What do you think about the impact of employment data on the crypto market? Share your thoughts in the comments! 💬

📉 Bitcoin (BTC) price drops 1% following blowout employment data report, with 336,000 jobs added in September, doubling economist forecasts. The unemployment rate remains unchanged at 3.8%. Bitcoin's price fell to $27,530 after the news. 
- This month's jobs numbers have taken on significance due to the rout in government bond prices over the past five weeks. 
- Bitcoin has managed to hold its own, rising from about $26,000 to $27,700 ahead of this morning's news. 
- Stock and bond prices were headed lower again, with Nasdaq 100 futures down more than 1% and the 10-year Treasury yield higher by eight basis points. 
What do you think about the impact of employment data on the crypto market? Share your thoughts in the comments! 💬

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