Bitcoin price While the article was being prepared, it suddenly jumped to the 69 thousand dollar mark and we saw an increase despite the bad data. Employment figures came above expectations, as in January, and Non-Farm Employment was quite high. Although this was supposed to fuel the decline like last month, now the opposite has happened.
Bitcoin Rise Latest Status
BTC price It is about to get back 69 thousand dollars again and if it can achieve this, the series after the February 6 bottom will be regained. The US Labor Department announced its employment report revisions, and that was the only good data today. The seasonally adjusted nonfarm employment level for March 2025 was revised down by 898,000. If these numbers had been accurate last year, the Fed could have cut rates further.
However, since January figures reflect the recovery in employment, the positive revisions for last year do not mean much. Reflecting the belief in the future of cryptocurrencies, the BlackRock and Uniswap partnership was just announced and this was the best news of the day on the crypto front.
White House CEA Deputy Director Yared called it “great” that the employment numbers came in better than expected, but we’ll likely see Fed members say throughout the week that markets no longer need interest rate cuts. Nasdaq, Russell 2000 are down but Bitcoin doesn’t care about that either.
U.S. government officials, including National Economic Council Director Hassett, have warned that investors should expect lower employment numbers from now on, but today’s data suggests otherwise. The only good thing was the annual revision, as we mentioned above.
BTC He’s trying to get back $69,000. Schmid and Bowman from the Fed will speak in the coming hours. At 19:00, Trump will meet with Netanyahu and probably make statements. The ECB President’s statements are expected at 20:00. There will be Trump’s statements at 00:30 and although the level that BTC should gain and protect is 69 thousand dollars, this jump may be short-lived as the data, stock market and other factors do not support it.
