The leading cryptocurrency spiked to $16,795 in response to strong labor market data.
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
The U.S. Bureau of Labor Statistics (BLS) released nonfarm payroll data showing 223,000 jobs were added in December 2022, marking a higher-than-expected increase.
U.S. nonfarm payroll was forecast to rise by 200,000 for last month after recording an actual rise of 263,000 in November.
As an initial response, Bitcoin recorded a 0.7% swing to the upside, peaking at $16,795.
