Bitcoin and Altcoins Struggle as U.S. Jobs Data Falls Short of Expectations

Bitcoin (BTC) and other altcoins have experienced significant drops recently, with a notable impact from new tariff actions taken by Donald Trump.

As Bitcoin’s price dipped to $91,000, market participants turned their attention to the latest Non-Farm Employment Report from the U.S., a key indicator that could influence the Federal Reserve’s decisions on interest rates.

Released on the first Friday of every month, this report is closely scrutinized by investors looking to gauge the overall economic health.

The recent report showed that Nonfarm Payrolls increased by 143,000, falling short of the 169,000 expected, and significantly lower than the previous 256,000.

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Meanwhile, the unemployment rate remained steady at 4.0%, slightly better than the anticipated 4.1%.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.