U.S. Job Market Surprises with 130,000 Additions in January

January's job growth exceeded expectations with 130,000 new positions, pushing the unemployment rate down to 4.3%. Bitcoin reacted positively, hitting $67,500.

In a surprising turn of events, the U.S. labor market demonstrated unexpected strength, adding a robust 130,000 jobs in January. This surge in employment led to a decline in the unemployment rate, which now stands at 4.3%.

Prior to the release of this favorable jobs report, Bitcoin had experienced a notable decline. However, following the news, the cryptocurrency saw a slight rebound, climbing to $67,500.