Bitcoin prices surged past $97,163 after the April 2025 jobs report revealed stronger-than-expected employment figures, signaling robust economic activity.
The rise in Bitcoin dominance to 64.89% underscores a shift in investor preference toward cryptocurrencies amid economic uncertainty globally.
U.S. Adds 177,000 Jobs, Boosting Bitcoin to $97,163
The April 2025 jobs report revealed that the U.S. economy added 177,000 jobs. Economic momentum exceeded predictions, boosting Bitcoin prices and the overall market capitalization noticeably. The report comes amidst calls from President Trump for Federal Reserve rate cuts. Dominant players like Jerome Powell face pressure to respond to the strong employment figures.
Global Cryptocurrency Valuation Peaks at $3.12 Trillion
Bitcoinโs dramatic price increase impacted investor confidence, reflecting in global cryptocurrency valuation of $3.12 trillion. This development marks a peak in Bitcoinโs market control, last seen in January 2021. The strong employment data adds complexity to interest rate expectations. Historical trends suggest such employment gains might temper anticipated rate cuts, affecting stock and cryptocurrency markets significantly.
Bitcoinโs Dominance Mirrors January 2021 Trends
Comparisons with early 2021โwhen Bitcoin dominated 64.89%โshow similar investor behavior. Historically, such jobs data have led to potential market shifts. Bitcoinโs rise aligns with past economic recoveries.
Joe Gaffoglio, President and CEO, Mutual Of America Capital Management, remarked, โAnother stronger-than-expected jobs report is encouraging, although definitely not top of mind considering the ongoing uncertainty around tariffs and global trade. While the labor market continues to be a bright spot, that could change quickly if the imposition of tariffs leads to disruptions in supply chains and global trade.โ
Experts like Joe Gaffoglio posit that current market trends mirror past cycles where robust economic indicators affected trading strategies. Economic insights hint at continued market volatility. Follow Steve Alpher for market insights and updates.
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