✉news BusinessCrypto first seen 1 d ago, last 1 d ago, peak #3
Bitcoin climbs near $86,000 on softer US jobs data
Original: Bitcoin rises near $86k as softer jobs data offsets pressure from high yields
Bitcoin rose to near $86,000 after US jobs data came in softer than expected, fuelling hopes that labour market cooling could lead to interest rate cuts. The gains came despite continued pressure from elevated bond yields, which have weighed on risk assets. Traders are watching upcoming economic releases for further direction on monetary policy and its impact on crypto markets.
Why now: Softer US jobs data has shifted rate-cut expectations, lifting risk assets including bitcoin.
BitcoinUS Federal ReserveYahoo Finance
Evidence
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