BTC price dips 1.8% as Bitcoin tackles ‘schizophrenic’ new US jobs data
Bitcoin resistance shifts higher as a snap reaction to unusual U.S. employment data delivers classic BTC price volatility.
Bitcoin (BTC) saw flash downside volatility into the June 7 Wall Street open as United States payrolls data surprised markets.
Data from Cointelegraph Markets Pro and TradingView showed a $1,300 BTC price dip within a single hourly candle before a rebound entered.
Bitcoin joined a knee-jerk reaction to U.S. nonfarm payrolls data, which vastly beat expectations to suggest that the labor market was coping with tight fiscal policy better than forecast.
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Author: William Suberg
