$BTC Matt Mena, crypto research strategist at asset management firm 21Shares, commented Friday on the surprising strength of April’s U.S. jobs report, which helped push risk assets higher and improve overall market sentiment. The report revealed that the economy added 177,000 jobs, extending a streak of gains to 52 straight months, with unemployment stable at 4.2%. Mena stated: “While growth in hiring slowed modestly, the data was stronger than expected—helping ease near-term recession concerns and fueling a rebound in market sentiment.” He noted that the S&P 500 rebounded past 5,600 following the release and is now trending toward 5,700.