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American work statistics office Absolute Employment data in January 2025 earlier today, briefly pushed to Bitcoin (BTC) to $ 100,000 before losing all its gains and fell to the price level of $ 98,000.
Bitcoin rises and falls in the midst of mixed recruitment data
Bitcoin rose from about 97,200 dollars to the highest level of $ 100110 after the United States reported the growth of low jobs expected for the month of January. According to the data, the United States added 143,000 jobs last month, as it was less than 170,000 expected jobs. For comparison, December 2024 witnessed an increase in jobs 256,000.
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However, Bitcoin raised short -term, as almost all of its gains quickly wiped out, returning to 97,957 dollars. The following chart shows the increase in BTC prices before its recovery to the previous levels.
In addition to the growth of low jobs from expected, the unemployment rate decreased from 4.1 % to 4 %, while highlighting the flexibility of the labor market in the United States despite the high interest rates during most of 2024.
After this powerful labor market data, the CME Fedwatch tool now Appoint Only 8.5 % is the possibility of the American Federal Reserve to reduce interest rates at its next meeting on March 19. Especially this possibility reached 15 % before the release of the recruitment report.
The possibility of low price reductions indicates that interest rates will remain higher for Bitcoin Bulls, which leads to discounts in Bitcoin Bulls in 2025, which can pump new liquidity into the market and may benefit from assets of risk such as BTC.
It should be noted that from September to December 2024, the Federal Reserve cut interest rates at a total of 100 basis points. However, due to the continued strength of the labor market and low unemployment, the Fed Bank may adopt a more cautious position, and choose to wait for potential economic warning signs before carrying out more discounts.
Global Capital Markets, Copsy Message male The current unemployment rate in the United States is the lowest since May 2024. They added that “the federal reserve pause is here to survive.”
BTC is fixed despite the opposite winds of the macroeconomic
Bitcoin continues to trade in a narrow range from $ 92,000 to $ 106,000, making both bulls and bears not sure of its next step. Nevertheless, the leading cryptocurrency showed great flexibility in facing many total economic challenges that, under normal circumstances, may have caused a significant sale in the encryption market.
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For example, BTC remained unseen due to the decrease in the stock market resulting from the issuance of the Chinese artificial intelligence model, Deepseek. Likewise, digital assets were strong despite the renewed trade tensions between the United States and China, following the imposition of President Donald Trump by 10 % on the Asian economic power, which led to retaliatory measures.
However, concerns continue regarding the last stagnation in the activity of the Bitcoin network, where some analysts wonder whether BTC is currently exaggerated. At the time of the press, BTC is trading at $ 98,015, an increase of 1 % in the past 24 hours.
Distinctive image from Unsplash, plans from TradingView.com