US Adds 165,000 Jobs in October: Why Bitcoin Traders Are Watching the Fed
Summary
The US added 165,000 jobs in October, unemployment remained at 4.1%, and August–September payroll gains were revised up by 84,000. Wage growth was 0.4% for the month and 3.1% year over year. A resilient labour market may reduce pressure for rapid Federal Reserve rate cuts, which can influence risk appetite and Bitcoin, but the report alone does not predict Fed policy or Bitcoin’s price. Inflation data, future revisions, Fed communications, ETF flows and crypto-specific factors also matter.
