Bitcoin Price Rallies Amidst Weak US Labor Data

The US Job Openings and Labor Turnover Survey released on April 29, 2025, showed a decline in job positions, triggering a positive reaction in Bitcoin prices.

This labor data might influence Federal Reserve policies, prompting a 10.37% Bitcoin rally, reaching around $95,700.

Bitcoin Surges After JOLTS Report Shows Job Decline

The latest JOLTS report exhibits a sharp drop in US jobs. This development is hugely impactful, causing market stir. Institutional activities and spot Bitcoin ETFs are intensifying market stock.

“Bitcoin has experienced a significant rally of 10.37% over the past week, reaching approximately $95,700, driven by robust spot purchasing from institutional players.” – Market Strategist at Cointelegraph

MicroStrategy announced an $1.42 billion BTC purchase. Meanwhile, spot Bitcoin ETFs from 21Shares and Coinbase are adding pressure. These factors highlight increasing institutional confidence.

Bitcoin Nears $100,000 as Market Confidence Grows

Bitcoin’s positive market response suggests confidence in price movement. Technical analysis suggests a probability of reaching the $100,000 mark shortly. Institutional activities support these trends.

Weak economic indicators might cause a shift in policies. Historically, such events align with Bitcoin rallies. The current setup indicates a possible aggressive upward price movement beyond $100,000 levels.

Expert Forecasts: Bitcoin Could See Historic Gains

Historically, low leverage with unexpected sales data and hawkish signals leads Bitcoin to rally. Previous trends show a 50% or more increase in such settings.

Experts suggest ongoing market conditions favor Bitcoin, predicting further gains. The labor data mirrors previous conditions of significant crypto gains, hinting at similar outcomes.