Bitcoin trades steady following lower unemployment than expected in jobs data

exchange68September 13, 2024

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Bitcoin held steady following a near miss on expected jobs added.

On the release of employment data, the leading cryptocurrency recorded a 0.5% swing in the 13:30 (BST) 15-minute candle, topping out at $27,980.

The U.S. Bureau of Labor Statistics employment report showed 236,000 nonfarm jobs added for March – with unemployment at 3.5%.

Economists expected 239,000 new jobs to have been added, along with a 3.6% unemployment rate.

All eyes turn to the next FOMC meeting, which is set to convene on May 2 -3.

Bitcoin 15 minute chart — Source: BTCUSDT on TradingView.com

Analyst

Samuel Wan

Analyst at CryptoSlate

Samuel Wan, a finance professional turned full-time crypto content creator, values individual autonomy and personal freedom in his pursuits.

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