Bitcoin Hits $65K Monthly High After Weak US Jobs Report

Bitcoin reached a monthly high of over $65,000 as investors responded to the latest US nonfarm payrolls report. The data showed fewer jobs added than expected, which suggests the economy is cooling down faster than many analysts predicted.

This shift in the labor market is changing how traders view the Federal Reserve. With signs of a slowing economy, the market is betting that the central bank might take a more cautious approach to future interest rates. Lower rates typically make risk assets like crypto look more attractive to investors who want better returns.

Market participants are now watching to see if Bitcoin can hold these gains above the $65,000 level. Sustaining this momentum will likely depend on how inflation data and economic reports play out over the coming weeks.