US Jobs Data Removes Critical Downside Risk for Bitcoin and Crypto Markets
US Jobs data eases recession concerns, supporting Bitcoin above $90,000, but doesn’t yet create conditions for a fast move to $100,000.
US Jobs data eases recession concerns, supporting Bitcoin above $90,000, but doesn’t yet create conditions for a fast move to $100,000.
Crypto markets have rallied in January, supported by renewed capital deployment and improving sentiment, as focus shifts to US jobs data. Laser Digital’s Market Commentary highlights the positive momentum in the sector.
Bitcoin’s price has dropped to $85,940, with Asian stocks declining ahead of key US jobs data, despite some analysts maintaining a constructive medium-term outlook.
Bitcoin faces resistance at $93.5K, retreating to $90K amid strong US jobs data and mixed sentiment on Fed rate cuts.