Bitcoin reached new multi-month highs following the release of better-than-expected US nonfarm payroll data, which showed 177,000 jobs added in April, surpassing the forecast of 140,000. Despite some skepticism regarding the impact of a strong labor market on risk assets, Bitcoin, along with stocks, experienced a surge, with BTC/USD pushing above $97,000. US President Donald Trump reiterated his calls for the Federal Reserve to cut interest rates, asserting that consumers have been waiting for inflation to decrease without success. The Fed's upcoming decision on rates is anticipated on May 7, with a cut viewed as unlikely. Traders are closely monitoring the market's reaction, with concerns that current price movements might be a liquidity grab prior to a possible price reversal. Some analysts are targeting $99,000 as a critical level for Bitcoin to hold above to maintain upward momentum. Overall, the situation remains fluid as market participants evaluate the interplay between economic data and Bitcoin's performance.

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