coindesk.com
The jobs market softened appreciably in July with the U.S. adding just 114,000 jobs during the month and the unemployment rate rising to 4.3%, according to the Bureau of Labor Statistics.
Those 114,000 jobs were well shy of expectations for 175,000 and down from 179,000 in June (itself revised lower from an originally reported 206,000).
The unemployment rate of 4.3% was up from 4.1% in June and above forecasts for 4.1%.
The price of bitcoin (BTC) is about flat from just before the numbers hit, now trading at $64,500, and little-changed from 24 hours ago.
Reaction in traditional markets was far bigger, with the 10-year Treasury yield tumbling 15 basis points to 3.83% and the two-year yield a full 23 basis points to 3.93% – both levels the lowest in more than a year. Stocks aren't loving the numbers nearly as much, with Nasdaq futures now down 2.3% and S&P 500 lower by 1.6%.
Also on the move are the dollar, which has sunk 0.6%, and gold, which has risen 1.3% to $2,513 per ounce.