Bitcoin tops $65,000 after ‘massive surprise’ US jobs miss
60-second summary
Bitcoin surges past $65,000 as U.S. payrolls unexpectedly drop 23,000 in July, defying forecasts of 80,000 new jobs, fueling speculation that the Federal Reserve may delay a September rate hike, sending traders scrambling to reassess interest rate expectations and potentially boosting the cryptocurrency's value in the process, sparking further market volatility.
Bitcoin topped $65,000 after U.S. payrolls fell 23,000 in July versus an 80,000 forecast, pushing traders to price out a September Fed rate hike.