Bitcoin price today remained steady near the $90,000 level after fresh US economic data showed a slight improvement in the labor market, easing immediate pressure on risk assets.
Bitcoin was trading around $90,200, up 1% on the day, as investors digested lower-than-expected unemployment figures while waiting for clearer market direction.
The US unemployment rate fell to 4.4% in December, beating expectations of 4.5%, according to data released by the Bureau of Labor Statistics. While the drop points to a stabilising labor market, the rate remains well above the Federal Reserve’s long-term comfort zone.
Nonfarm payrolls increased by 50,000 jobs, missing forecasts and marking a sharp slowdown from previous months. Payroll numbers for October and November were also revised lower by a combined 76,000 jobs, highlighting softer momentum in hiring.
For the full year, average monthly job growth dropped to 49,000, compared with 168,000 in 2024, reinforcing the view that the US economy is cooling.
Despite the mixed macro signals, the broader crypto market showed little reaction. Total crypto market capitalisation stood near $3.08 trillion, up slightly on the day, while sentiment indicators stayed neutral.
Ethereum was priced near $3,076, while XRP traded close to $2.09, extending its recent relative strength compared with other large tokens.
Bitcoin is currently trading in a sideways range, showing no clear direction as buyers and sellers remain evenly matched. Prices have repeatedly struggled near a strong resistance zone between roughly $92,800 and $101,200, an area where Bitcoin was rejected several times in November and December.
On the downside, the market has been holding above the $86,500 to $88,200 support area, which continues to act as a cushion during pullbacks.
Across the United States, businesses are exploring new payment methods that can improve global reach,…
XRP price edged higher today, gaining around 2%,as analyst points to a massive breakout structure…
Tether, the company behind the world’s largest stablecoin, is now expanding its focus on the…
Most traders are still waiting for Bitcoin to drop further. But the on-chain data is…
Tether is stepping up its focus on the U.S. market by launching a new dollar-backed…
While equity markets took a beating and Brent crude surged above $100 per barrel for…
