Bitcoin Shows Resilience Amid Strong U.S. Jobs Report
- Bitcoin (BTC) is currently priced at $66,988.52, hovering near $67,800, reflecting a daily increase.
- The U.S. added 130,000 jobs in January, significantly exceeding the expected addition of 70,000 jobs.
- The CoinDesk 20 Index (CD20) has risen by 1.5% since midnight UTC, with all but one token advancing.
- The Crypto Fear & Greed Index is at its lowest level since the collapse of FTX in late 2022, currently sitting at just five.
- Liquidations reached $342 million in the last day, with Bitcoin leading at $145 million.
Despite a strong jobs report that typically pressures risk assets like cryptocurrencies, Bitcoin’s performance indicates potential seller exhaustion and a shift in market sentiment towards risk appetite.
With Bitcoin’s price stability and significant job growth data showing resilience in the market, traders are closely monitoring key liquidation levels around $68,800 for possible price movements.
