Bitcoin Surges Amid Wall Street Recovery

Bitcoin Surges Past $97,000 Amid Strong U.S. Jobs Report

• Bitcoin’s price rose to over $97,800, its highest since late February.
• The U.S. economy added 177,000 nonfarm payrolls in April, exceeding expectations of 130,000 jobs.
• The unemployment rate remained steady at 4.2%.
• Traders estimate a 66% chance the Federal Reserve will hold rates steady in June.
• The U.S. Dollar Index fell by 3.7% over the past month.

Bitcoin’s value increased to more than $97,800 as investors reacted to a robust U.S. jobs report showing an addition of 177,000 jobs in April and a stable unemployment rate of 4.2%.