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Bitcoin trades steady following lower unemployment than expected in jobs data Bitcoin trades steady following lower unemployment than expected in jobs data

Bitcoin trades steady following lower unemployment than expected in jobs data

Bitcoin posts a 0.5% swing capping an already flat performance this week.

Bitcoin held steady following a near miss on expected jobs added.

On the release of employment data, the leading cryptocurrency recorded a 0.5% swing in the 13:30 (BST) 15-minute candle, topping out at $27,980.

The U.S. Bureau of Labor Statistics employment report showed 236,000 nonfarm jobs added for March – with unemployment at 3.5%.

Economists expected 239,000 new jobs to have been added, along with a 3.6% unemployment rate.

All eyes turn to the next FOMC meeting, which is set to convene on May 2 -3.

Bitcoin 15 minute chart
Source: BTCUSDT on TradingView.com