U.S. payrolls, unemployment data reignites hopes for BTC to step up to $17,000.
showed BTC/USD dipping to $16,669 on Bitstamp around non-farm payrolls and unemployment figures.
Both those came in better than expected, with mixed implications for the Federal Reserve having room for maneuver when it comes to its continued tightening of monetary policy. There may be some chance of relief for Bitcoin, crypto and the broader risk asset stage in the weeks and months to come, with interest rate hikes lessening in intensity.in part of a reaction on social media.
An accompanying chart presented the BTC/USD order book on largest global exchange Binance, with both bid and ask liquidity inching higher.on the state of order book behavior showing continued ranging between $16,000 and $17,000 to be likely. "Market was ready for a hot number after yesterday’s print, shorts unwinding after a quick impulse lower," popular commentator Tedtalksmacro
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