BREAKING: US Non-Farm Payrolls and Unemployment Data Released! What Was Bitcoin’s (BTC) Initial Reaction?

Bitcoin, the leading cryptocurrency, ended October, historically known as a bull month, with a decline. Having failed in its attempts to break above $80,000, whether the decline for BTC will continue is being closely watched, while global and cryptocurrency markets are focused today on critical employment data from the US. The main reason for this is the impact of the job market on the Fed's monetary policy. The announced figures, whether significantly above or below expectations, could increase volatility in risky assets, including the Fed's interest rate policy, US bond yields, the dollar, gold, and Bitcoin.

Source: Bitcoin Sistemi