🚨 $BTC Jobs Report Shocks Markets — 165,000 Jobs, Nearly Triple the Forecast
The US jobs report is out — and it was much stronger than anyone expected. The US added 165,000 jobs in October, nearly triple the 65,000 economists expected, and unemployment fell to 4.1%. The report was released today at 6:30 PM PKT.
Bitcoin jumped above $76,100 right after the news, then slipped back to around $75,500. Why the fall? Strong jobs make a December Fed rate hike more likely — traders now price about a 79% chance of a hike, up from about 67% before the report. Higher rates usually put pressure on crypto.
Bitcoin is still holding the key $75,000 level for now. Below it, traders are watching $74,000. On the upside, $76,100 is the first resistance, then $77,000.
After a week of heavy selling and over $1.25 billion in liquidations in 24 hours, the big question tonight is simple: is $75,000 the floor — or just a pause before a deeper drop?
Do you think Bitcoin holds $75,000 into the weekend? Tell me in the comments 👇
Educational content only, not financial advice.
#BinanceSquare #WriteToEarn #Bitcoin #CryptoNews
The US jobs report is out — and it was much stronger than anyone expected. The US added 165,000 jobs in October, nearly triple the 65,000 economists expected, and unemployment fell to 4.1%. The report was released today at 6:30 PM PKT.
Bitcoin jumped above $76,100 right after the news, then slipped back to around $75,500. Why the fall? Strong jobs make a December Fed rate hike more likely — traders now price about a 79% chance of a hike, up from about 67% before the report. Higher rates usually put pressure on crypto.
Bitcoin is still holding the key $75,000 level for now. Below it, traders are watching $74,000. On the upside, $76,100 is the first resistance, then $77,000.
After a week of heavy selling and over $1.25 billion in liquidations in 24 hours, the big question tonight is simple: is $75,000 the floor — or just a pause before a deeper drop?
Do you think Bitcoin holds $75,000 into the weekend? Tell me in the comments 👇
Educational content only, not financial advice.
#BinanceSquare #WriteToEarn #Bitcoin #CryptoNews
