✉news BusinessCrypto first seen 2 d ago, last 2 d ago, peak #24

Bitcoin tops $85,000 after weaker US jobs report

Original: JUST IN: Bitcoin broke through the $85,000 sell wall today as the U.S. jobs report came in lower-than expected. 👀

Bitcoin pushed above $85,000, clearing a closely watched sell wall, after the latest U.S. jobs report came in below expectations. The soft labour data fueled speculation that the Federal Reserve could ease policy sooner, sending money into risk assets like crypto. Traders are watching whether the breakout holds above the new resistance level.

Why now: A weaker-than-expected U.S. jobs report lifted markets on bets of looser monetary policy, pushing Bitcoin to a notable price level.

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Evidence

• JUST IN: Bitcoin broke through the $85,000 sell wall today as the U.S. jobs report came in lower-than expected. 👀 · Moomoo
• JUST IN: Bitcoin broke through the $85,000 sell wall today as the U.S. jobs report came in lower-than expected. 👀 · Moomoo

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