Bitcoin drops to $23,250 on significantly higher-than-expected US payroll data

The U.S. Bureau of Labor Statistics (BLS) released nonfarm payroll information showing 517,000 jobs were added successful January, marking a importantly higher-than-expected increase.

Economists had forecast 185,000 nonfarm jobs to beryllium added for the month, less than December’s existent 223,000 jobs added.

As an archetypal response, Bitcoin recorded a 1.1% plaything to the downside, bottoming astatine $23,250 connected the 13:30 (UTC) 5-minute candle.

Source: BTCUSDT connected TradingView.com

The station Bitcoin drops to $23,250 connected importantly higher-than-expected US payroll data appeared archetypal connected CryptoSlate.