Bitcoin Aims for $98K Due to Strong Employment Report, Strengthening Markets.

The US economy added more jobs than expected, 177,000 in April, causing a rally in traditional markets, while Bitcoin rose closer to $98K.

Strong Employment Data Pushes Bitcoin Towards $98K

The US Department of Labor surprised pessimistic economists when it released its anticipated jobs report on Friday, showing that the US economy added 177,000 jobs in April, exceeding expectations, while the unemployment rate remained steady at 4.2%. Traditional and crypto markets surged on this news, while Bitcoin (BTC) hovered just below $98K.