Bitcoin and Major Cryptocurrencies Rally Amid Strong US Jobs Data
Despite hawkish Fed comments, cryptocurrencies surge, with Bitcoin reaching over $69,000, as robust employment figures signal a resilient U.S. economy.
- Bitcoin, Ethereum, and Dogecoin experienced significant gains following a strong U.S. jobs report, indicating a robust domestic economy.
- The March jobs report, showing 303,000 new jobs, exceeded expectations and may influence the Federal Reserve's interest rate decisions.
- Despite hawkish remarks from Fed officials, the cryptocurrency market cap increased by 2.28% in the past 24 hours.
- Analysts predict a bullish trend for Bitcoin, with potential for a new all-time high if it breaks through $69,000.
- The strong jobs data and resilient market response underscore the complex relationship between economic indicators and cryptocurrency valuations.
Benzinga 
The Block 