US non-farm employment data and unemployment rate were announced. According to the figures of the US Labor Department, employment in June was 206 thousand. The expectation here was 191 thousand. Unemployment in June was announced as 4.1%. The expectation was 4%.
After the figures were announced, there was an increase of about $500 in Bitcoin and the largest cryptocurrency rose to $55,500.
Short-term interest rates in the US also fell. There was a small increase in market expectations for the likelihood of a Fed rate cut in September and December.
Higher-than-expected employment means that the economy and the labor market are still hot. However, the higher-than-expected unemployment rate suggests the opposite.