Bitcoin Surges Past $65,000 After US Jobs Data Comes In Lower Than Expected

New US jobs data for July came in far lower than expected. The market no longer expects the Fed to raise interest rates in September, and Bitcoin surged immediately.

Key points to know:
• July jobs fell by 23,000, while analysts expected a gain of 80,000
• Bitcoin broke past $65,000 before pulling back to around $64,800
• Ethereum sits around $1,913, up slightly over the past 24 hours
• US Bitcoin ETFs continue to see consistent inflows

[Insight: When US economic data is weak, crypto often rises because the market expects cheap money to return. However, rallies driven by macroeconomic news can reverse direction very quickly — don’t chase the price. If you trade, use Binance Ref GMK20 to lower fee costs and receive bonuses.]