U.S. non-farm payrolls in May were higher than expected, and Bitcoin returned to $104,000

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BlockTempo
a day ago
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The U.S. Department of Labor released the May non-farm employment data tonight, showing an increase of 139,000 jobs, which is higher than the market's expected 126,000 jobs. This indicates that the market is not as depressed as imagined, but it is significantly lower than the previous month's 177,000 jobs and marks the lowest level since February this year.

Bitcoin Price Changes

After the non-farm data was released, according to OKX platform data, Bitcoin experienced a brief but not significant drop. At the time of writing, Bitcoin was priced at approximately $104,081, with the day's trend still showing a deep V-shaped reversal, highlighting the rapid changes in market sentiment.

OKX BTC/USDT Price Chart

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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