Bitcoin reacts to major US jobs data beat as Fed rate pause odds near 95%

Bitcoin volatility spiked on the back of surprisingly strong US nonfarm payrolls numbers, but traders retained $50,000 BTC price targets. Will a Federal Reserve interest rate decision lead to a bullish outcome?

Bitcoin (BTC) saw flash volatility around Wednesday’s Wall Street open as US jobs data came in well above expectations.

Key points:

Bitcoin attempts to rescue the day’s losses on the back of stronger US nonfarm payrolls data.

Read more