Bitcoin Price Holds Near $75,000 After Hot October Jobs Report
By Micah Zimmerman
AI summary of the source article
Bitcoin settled near $75,500 following a stronger-than-expected October U.S. jobs report. The cryptocurrency held relatively steady despite recent equity market sell-offs, $430.2 million in spot ETF outflows, and over $1 billion in 24-hour crypto liquidations.
Key facts
- U.S. nonfarm payrolls increased by 165,000 in October, beating forecasts, while unemployment fell to 4.1%.
- U.S. spot bitcoin ETFs posted $430.2 million in net outflows on Thursday, led by Fidelity's FBTC and BlackRock's IBIT.
- Over $1 billion in crypto positions were liquidated across 24 hours, primarily long positions.
Source excerpt · Bitcoin Magazine
Bitcoin Magazine Bitcoin Price Holds Near $75,000 After Hot October Jobs Report Bitcoin price held near $75,800 Friday after U.S. employers added 165,000 jobs in October, far above the 59,000 forecast, as December Fed hike odds climbed toward 80%. This post Bitcoin Price Holds Near $75,000 After Hot October Jobs Report first appeared on Bitcoin Magazine and is written by Micah Zimmerman .