Bitcoin likes the jobs report đź”»

A weak U.S. jobs report has upped the odds of a Federal Reserve rate cut, which has buoyed Bitcoin.

Author

Stacy Jones
September 05, 2025

đź“ť What you need to know

The price of Bitcoin and other cryptocurrencies seesawed on Friday as investors weighed a weaker-than-expected jobs report against the increased likelihood of rate cuts.

Nonfarm payrolls increased by 22,000 in August, the U.S. Bureau of Labor Statistics said, while economists anticipated that the U.S. economy would add 75,000 jobs last month. The unemployment rate meanwhile ticked up to 4.3% from 4.2% a month prior.

All else equal, a weaker dollar [and] stronger gold price is positive for Bitcoin,” Zach Pandl, head of research at crypto asset manager Grayscale told Decrypt.

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