Bitcoin is still holding steady above $90,000 even as new U.S. job numbers suggest the economy is cooling down a bit, but not in a way that points to a major break down.
In December, the U.S. only saw about 50,000 new jobs, which is one of the slowest months for job growth in a long time. Notably, the good news is that the unemployment rate has dropped slightly to 4.4%, and pay raises are still looking not bad at 3.8%.
The markets took this as a sign that things are balancing out, not crumbling. This helped ease worries about prices going through the roof or a recession hitting soon, which in turn helped stabilize things like cryptocurrencies.
Experts have pointed out that this data have taken away a big worry for Bitcoin because it is less likely that the Federal Reserve would have to hike interest rates aggressively.
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