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04 Aug 2023

Bitcoin Holds Above $29,000 Following Mixed US Jobs Report – Where Next for the BTC Price?

Bitcoin Holds Above $29,000 Following Mixed US Jobs Report – Where Next for the BTC Price?The Bitcoin (BTC) price is holding within recent ranges to the north of the $29,000 level in the wake of the latest mixed US jobs report for July. The report revealed that the US economy added 187,000 jobs in July, below the expected gain of 200,000. Moreover, June’s job gain of 209,000 was revised lower to a job gain of 185,000. However, a separate survey of households revealed that the unemployment rate had unexpectedly declined to 3.5% from 3.6% in June. Average hourly earnings growth was also stronger than expected, rising 0.4% MoM in July against expectations for an increase of 0.3%, pushing the YoY rate up to 4.4%. Something For Everyone. The lack of reaction in the bitcoin price and broader financial markets to the report was attributed to the fact that there was “somethin

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