Bitcoin reacts instantly to data that supports the Federal Reserve’s ability to keep interest rates higher for longer as BTC’s price dips to $42,550.
Bitcoin (BTC) fell into the Feb. 2 Wall Street open as United States unemployment data produced a surprise surge.
Data from Cointelegraph Markets Pro and TradingView tracked a $500 hourly candle dip on Bitstamp.
Bitcoin reacted immediately to U.S. nonfarm payrolls, which came in at nearly double estimates for January: 353,000 versus 185,000 expected.
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Source: https://cointelegraph.com/news/bitcoin-price-drops-hour-us-payrolls