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Bitcoin gains despite stock downturn amid strong US jobs report

Despite a broader pullback in U.S. stock futures, bitcoin traded higher over the past 24 hours, hovering around the $94,600 mark as of publication time. The Dow Jones Industrial Average futures dropped 0.2%, while the S&P 500 and Nasdaq 100 futures shed 0.2% and 0.3%, respectively. The market movements come as investors digest December’s stronger-than-expected jobs report, released by the Bureau of Labor Statistics on Friday. 

The U.S. economy added 256,000 jobs in December, surpassing economists' expectations of 165,000 and exceeding the 212,000 seen in November. The unemployment rate decreased to 4.1% from 4.2% in November. December marked the largest monthly job gains since March 2023.

Bitcoin gains despite stock downturn amid strong US jobs report

Despite a broader pullback in U.S. stock futures, bitcoin traded higher over the past 24 hours, hovering around the $94,600 mark as of publication time. The Dow Jones Industrial Average futures dropped 0.2%, while the S&P 500 and Nasdaq 100 futures shed 0.2% and 0.3%, respectively. The market movements come as investors digest December’s stronger-than-expected jobs report, released by the Bureau of Labor Statistics on Friday. 

The U.S. economy added 256,000 jobs in December, surpassing economists' expectations of 165,000 and exceeding the 212,000 seen in November. The unemployment rate decreased to 4.1% from 4.2% in November. December marked the largest monthly job gains since March 2023.
https://www.theblock.co/post/334018/bitcoin-gains-despite-stock-downturn-amid-strong-us-jobs-report