Bitcoin peaks to $16,800 on higher-than-expected US payroll data

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Bitcoin peaks to $16,800 on higher-than-expected US payroll data Bitcoin peaks to $16,800 on higher-than-expected US payroll data Samuel Wan · 4 hours ago · 1 min read

The leading cryptocurrency spiked to $16,795 in response to strong labor market data.

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Updated: January 6, 2023 at 1:49 pm

Bitcoin peaks to $16,800 on higher-than-expected US payroll data

Cover art/illustration via CryptoSlate

Haru Invest

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.

Bitcoin chart
Source: BTCUSDT on TradingView.com

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