Bitcoin Shrugs Off Job Boom While Stocks Hit the Sky – What Gives?
The good folks at the U.S. Bureau of Labor Statistics released some job data that made Wall Street do a happy dance on Thursday. The economy added a solid 147,000 jobs last month, and the unemployment rate dropped to a cozy 4.1%. Meanwhile, Bitcoin? It barely twitched. But hey, stocks went bananas, especially since the “experts” thought we’d only see 110,000 new jobs and an uptick in unemployment to 4.3%. Guess they were a tad off, eh?