Bitcoin and Altcoins Struggle as U.S. Jobs Data Falls Short of Expectations
07.02.2025 16:30 1 min. read Alexander Stefanov
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.
Meanwhile, the unemployment rate remained steady at 4.0%, slightly better than the anticipated 4.1%.
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