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A labor-market report that fell well short of consensus sent crypto prices higher Friday morning, as markets read through to the implications for monetary policy.
Bitcoin ($BTC) climbed from an opening print of $64,259.68 to $65,143.87 by 9:02 a.m. Ethereum ($ETH) moved in parallel, recovering from $1,902.20 at the open to $1,929.36 in the same window.
The jobs data behind the move Economists surveyed by Bloomberg had forecast 80,000 new jobs in July, with the unemployment rate expected to hold steady.
The actual figures landed in different territory: 23,000 jobs were lost, and the unemployment rate fell to 4.1%.
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