✉news BusinessCrypto first seen 23 h ago, last 18 h ago, peak #22
Bitcoin holds above $86,000 as jobs data eases pressure
Original: Bitcoin hovers above $86k as softer jobs data offsets pressure from high yields
Bitcoin is trading above $86,000, with recent US jobs data coming in softer than expected. That has eased concerns about tighter monetary policy and offset the drag from elevated bond yields, which typically push investors away from riskier assets like crypto. Traders are watching whether the pause in labour market strength will keep supporting the cryptocurrency's price.
Why now: A softer US jobs report shifted rate expectations, and investors are weighing what that means for bitcoin and risk assets.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/1121637