The US Bureau of Labor Statistics releases July’s nonfarm payrolls report today, with economists forecasting a gain of 83,000 jobs and unemployment steady at 4.2%. In June, only 57,000 jobs were added, far below the expected 110,000, triggering a 4% Bitcoin jump before gains were erased by hawkish Fed signals. Forecasts for July diverge sharply: Vanguard predicts just 18,000 jobs, while Citigroup maintains its call for three rate cuts by January 2027. Bitcoin traded at $64,305 at time of writing, up 0.50% over 24 hours. Market reaction will depend as much on the Fed’s tone as on the headline number itself.
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