Bitcoin went wild.
Right as Wall Street opened, new US jobs data smashed expectations — and markets exploded into action.
Bitcoin spiked toward $69,000 in seconds…
Then just as fast — it dumped.
Within hours, BTC was down more than 4%, leaving traders stunned.
💥 Jobs Data Crushes Forecasts
The US economy added 130,000 jobs in January.
Wall Street expected just 55,000.
That’s not a small beat. That’s a blowout.
Unemployment also dropped to 4.3% — better than expected.
Strong economy? Yes.
Good for rate cuts? Not at all.
🏦 Fed Rate Cuts Just Got Crushed
Here’s the twist.
A strong job market means the Federal Reserve has less reason to cut interest rates.
And right now?
Markets see over a 90% chance the Fed keeps rates unchanged in March.
Translation:
Cheap money isn’t coming anytime soon.
For crypto, that’s a problem.
📉 Markets Split — Confusion Everywhere
S&P 500 jumped… then cooled off.
Nasdaq dropped.
Gold hit new highs… then pulled back.
Bitcoin couldn’t hold gains.
Nobody agrees on what this means next.
⚠️ Traders Warn of a Slow Bleed
Bitcoin failed to break above $72K.
It couldn’t defend $69K.
Now some traders are eyeing a deeper drop — possibly toward the low $50,000s.
Key levels to watch:
$64,500
$62,400
$59,800
One trader even says Bitcoin is following the 2022 bear market pattern closely.
If that plays out?
We could see a slow grind lower before any real bounce.
Bottom line
The economy looks strong.
The Fed looks patient.
And Bitcoin looks fragile.
The next big trigger?
Friday’s inflation report.
If that comes in hot too… this rollercoaster might just be getting started.