US Non-Farm Payrolls and Unemployment Data Released! Here’s Bitcoin’s (BTC) Initial Reaction

BitcoinSistemi2026/07/02 12:36

By:BitcoinSistemi

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The monthly non-farm payrolls data, closely watched each month, is critically important for understanding the strength of the US economy and expectations regarding the Fed’s interest rate policy.

The latest data released is as follows:

Non-Farm Payrolls Data: Reported 57K – Expectation 114K – Previous 172K

Unemployment Rate: Announced 4.2% – Expected 4.3% – Previous 4.3%

The fact that the non-farm payrolls data came in significantly below expectations was interpreted as a signal of a slowdown in the US labor market. However, the unemployment rate unexpectedly fell to 4.2%, leading to a mixed market reaction to the data.

Bitcoin’s reaction to the incoming data was as follows:

Bitcoin 1-minute chart

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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After the US October CPI exceeded expectations, Goldman Sachs and Nomura added a forecast for an interest rate hike in March next year, while Deutsche Bank included a forecast for a rate hike in January next year. Currently, the market has fully priced in a 25 basis point rate hike in December, with a 13% probability for a 50 basis point hike. On Wednesday, the US Treasury spot market was closed, but Treasury futures continued to fall, with corresponding yields rising by about 2 to 4 basis points, and spot gold came under pressure, dropping by 1.1%.

华尔街见闻•2026/11/11 21:18

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华尔街见闻•2026/11/11 21:18