✉news BusinessCrypto first seen 3 h ago, last 1 h ago, peak #7
Bitcoin climbs above $86,000 on softer jobs data
Original: Bitcoin climbs above $86k as softer jobs data offsets pressure from high yields
Bitcoin rose above $86,000 after new US labor market data came in softer than expected, lifting hopes that the Federal Reserve could ease policy. The gains came despite continued pressure from elevated bond yields, which typically weigh on risk assets. Traders are watching whether weakening employment figures can sustain the rally in cryptocurrencies.
Why now: Fresh US jobs data shifted rate expectations, moving crypto markets higher.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/1107361