Bitcoin Reacts to Employment Data

🟦The price of Bitcoin dropped by 2.77% following the release of U.S. employment data that exceeded analysts’ expectations. A strong labor market and low unemployment reduced the likelihood of significant interest rate cuts in 2025.

🟦The probability of a Federal Reserve rate cut in January is now estimated at 2.7%, putting pressure on risk assets. Keith Alan, co-founder of Material Indicators, explains: “Strong employment data means fewer rate cuts, which is unfavorable for Bitcoin.”

🟦Technical analysis highlights key support levels at $88,000–$90,000. The market is closely monitoring movements, anticipating a resolution.