US jobs report eases recession risk, helps Bitcoin hold above $90,000

Beincrypto reports Bitcoin held above $90,000 after US labor market data showed slower hiring but no sign of a sharp economic downturn.

The US economy added 50,000 jobs in December, the report said, while the unemployment rate fell to 4.4% and wage growth remained firm at 3.8% year over year. Markets read the release as a cooling labour market rather than a collapse, keeping risk assets stable and leaving Bitcoin trading roughly between $89,000 and $92,000.

That weaker payroll number reduced fears of an overheated economy that would force tighter policy or trigger a sudden growth shock, supporting a “soft landing” outlook and removing a key downside risk for crypto. However, wage growth at 3.8% keeps services inflation sticky and gives the Fed room to stay on hold, so Bitcoin’s move to $100,000 now depends more on sustained spot ETF inflows and clearer signals of rate cuts; addresses holding 1K–10K BTC are down about 220K BTC year over year, the fastest decline since early 2023.

Key Topics

Crypto, Bitcoin, Us Labor Market, Unemployment Rate, Wage Growth, Federal Reserve