The United States destroyed 23,000 non-farm payroll jobs in July, marking a third consecutive miss for economists who expected between 80,000 and 97,500 new positions. The unemployment rate rose to 4.1 % and the number of temporary layoffs jumped to 921,000. Despite these weak figures, bitcoin held steady around $64,700, with traders prioritizing geopolitical tensions in the Middle East and Brent crude climbing above $83 per barrel. Gold gained 1.5 % to $4,300 per ounce. The September Fed meeting, where a rate decision is possible, will carry more weight than the July headline number on bitcoin’s trajectory.
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