Bitcoin bounces back after soft jobs report, crossing $60K threshold

seekingalpha05-04

Bitcoin (BTC-USD) rebounded Friday after a soft U.S. jobs report alleviated worries about higher-for-longer interest rates. The largest cryptocurrency by market cap (BTC-USD) jumped 4% to $61.7K at 3:...

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The largest cryptocurrency by market cap (BTC-USD) jumped 4% to $61.7K at 3:...</p>\n\n<a href=\"https://seekingalpha.com/news/4099917-bitcoin-bounces-back-after-soft-jobs-report-crossing-60k-threshold\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin bounces back after soft jobs report, crossing $60K threshold</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin bounces back after soft jobs report, crossing $60K threshold\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-04 03:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4099917-bitcoin-bounces-back-after-soft-jobs-report-crossing-60k-threshold><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bitcoin (BTC-USD) rebounded Friday after a soft U.S. jobs report alleviated worries about higher-for-longer interest rates. The largest cryptocurrency by market cap (BTC-USD) jumped 4% to $61.7K at 3:...</p>\n\n<a href=\"https://seekingalpha.com/news/4099917-bitcoin-bounces-back-after-soft-jobs-report-crossing-60k-threshold\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://seekingalpha.com/news/4099917-bitcoin-bounces-back-after-soft-jobs-report-crossing-60k-threshold","article_id":"2432133743","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1310263594/image_1310263594.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2432133743","pubTimestamp":1714764448,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Bitcoin (BTC-USD) rebounded Friday after a soft U.S. jobs report alleviated worries about higher-for-longer interest rates. 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The largest cryptocurrency by market cap (BTC-USD) jumped 4% to $61.7K at 3:27 p.m. ET, compared with the $59.1K mark it changed hands at just minutes before the April nonfarms payroll report arrived.  The U.S. economy added 175K jobs in April, less than the 243K expected and a slower pace than the 315K notched in March (revised from 303K), according to the U.S. Department of Labor. The latest tally marks the smallest payroll growth of 2024, with the largest being 315K in March. Wage growth also cooled last month, potentially giving the Federal Reserve the confidence to ease rates later this year. Ether (ETH-USD), the world's largest altcoin, too, saw buying pressure on the back of the cooler-than-expected jobs data, advancing 2.2% to $3.06K at the time of writing. Note the crypto-price gains coincided with a strong stock-market rally, with all three major U.S. indices rising at least 1%. \"It's intriguing to note that Bitcoin rose by 5% following the NFP miss,\" Althea Spinozzi, head of Fixed Income Strategy at Saxo, said in an X post. \"Clearly, the data weren’t weak enough to trigger a broad selloff in risky assets; instead, they had the opposite effect. As long as markets see a soft landing & inflation is sticky, yields are likely to rise.\" Many crypto-related stocks posted intraday gains as well: MicroStrategy (MSTR) +7.7%, Riot Platforms (RIOT) +1.6%, Marathon Digital (MARA) +2.4%, Galaxy Digital (OTCPK:BRPHF) +3.4%, Bakkt (BKKT) +1.6% and CleanSpark (CLSK) +1.1%.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2432133743"}