{"id":7076,"date":"2025-01-10T18:17:03","date_gmt":"2025-01-10T18:17:03","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=7076"},"modified":"2025-01-10T18:17:03","modified_gmt":"2025-01-10T18:17:03","slug":"bitcoin-takes-stairs-up-and-elevator-down-on-labor-market-data-whats-next","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=7076","title":{"rendered":"Bitcoin Takes &#8216;Stairs Up&#8217; And &#8216;Elevator Down&#8217; On Labor Market Data: What&#8217;s Next?"},"content":{"rendered":"<div>\n<p>Unexpectedly strong labour market data has sparked a bearish response in crypto markets, with <strong>Bitcoin<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) teetering <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/01\/42913406\/bitcoin-fights-to-regain-94000-what-does-technical-analysis-say\">around the $94,000 mark<\/a>.<\/p>\n<p><strong>What Happened:<\/strong> Data published on Friday shows the U.S. <a href=\"https:\/\/www.benzinga.com\/economics\/macro-economic-events\/25\/01\/42912480\/us-economy-adds-256000-payrolls-in-december-as-tight-labor-market-tops-forecasts-dollar-treasury-yields-spike\">added 256,000 parolls in December<\/a>, sending bond yields soaring and knocking Bitcoin off its morning recovery.<\/p>\n<p>The apex crypto had recovered from $92,000 to $95,000 overnight, but quickly lost over $2,000 in reaction to the stronger-than-anticipated data. <\/p>\n<p>Crypto trader Jelle highlighted the abrupt shift in market sentiment, pointing out that the jobs data managed to reverse the price momentum with the words \u201cstairs up, elevator down.\u201d<\/p>\n<p><figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><\/p>\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Job data here to &#8230;<\/p>\n<\/blockquote>\n<\/div>\n<\/figure>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/01\/42921919\/bitcoin-takes-stairs-up-and-elevator-down-on-labor-market-data-whats-next\" alt=\"Bitcoin\" takes up and down on labor market data: what next>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Unexpectedly strong labour market data has sparked a bearish response in crypto markets, with Bitcoin (CRYPTO: BTC) teetering around the $94,000 mark. What Happened: Data published on Friday shows the U.S. added 256,000 parolls in December, sending bond yields soaring and knocking Bitcoin off its morning recovery. The apex crypto had recovered from $92,000 to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-7076","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/7076","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7076"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/7076\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7076"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}