The US Job Openings and Labor Turnover Survey released on April 29, 2025, showed a decline in job positions, triggering a positive reaction in Bitcoin prices.
This labor data might influence Federal Reserve policies, prompting a 10.37% Bitcoin rally, reaching around $95,700.
Bitcoin Surges After JOLTS Report Shows Job Decline
The latest JOLTS report exhibits a sharp drop in US jobs. This development is hugely impactful, causing market stir. Institutional activities and spot Bitcoin ETFs are intensifying market stock.
“Bitcoin has experienced a significant rally of 10.37% over the past week, reaching approximately $95,700, driven by robust spot purchasing from institutional players.” – Market Strategist at Cointelegraph
MicroStrategy announced an $1.42 billion BTC purchase. Meanwhile, spot Bitcoin ETFs from 21Shares and Coinbase are adding pressure. These factors highlight increasing institutional confidence.
Bitcoin Nears $100,000 as Market Confidence Grows
Bitcoin’s positive market response suggests confidence in price movement. Technical analysis suggests a probability of reaching the $100,000 mark shortly. Institutional activities support these trends.
Weak economic indicators might cause a shift in policies. Historically, such events align with Bitcoin rallies. The current setup indicates a possible aggressive upward price movement beyond $100,000 levels.
Expert Forecasts: Bitcoin Could See Historic Gains
Historically, low leverage with unexpected sales data and hawkish signals leads Bitcoin to rally. Previous trends show a 50% or more increase in such settings.
Experts suggest ongoing market conditions favor Bitcoin, predicting further gains. The labor data mirrors previous conditions of significant crypto gains, hinting at similar outcomes.
Disclaimer: This website provides information only and is not financial advice. Cryptocurrency investments are risky. We do not guarantee accuracy and are not liable for losses. Conduct your own research before investing.
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