Overview
- With U.S. stock and bond markets closed for Good Friday, Bitcoin traded near $67,000 as one of the few venues reflecting the data in real time.
- The Labor Department said employers added 178,000 jobs in March and the jobless rate slipped to 4.3%.
- February payrolls were revised to a loss of 133,000 jobs, softening the picture of recent labor strength.
- Analysts said the solid hiring reduces pressure on the Federal Reserve to cut interest rates soon, which can support the dollar and cool demand for Bitcoin ETFs.
- ETF flows were mixed this week, with U.S. spot Bitcoin funds taking in $8.99 million on Thursday after $173.73 million of outflows Wednesday, while Ether funds posted back to back outflows.