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Crypto

Bitcoin and Gold Correct as August US Nonfarm Payrolls Soar

Guavy AI Editorial Team
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BTC
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The August US Nonfarm Payrolls report was stronger than expected, with an increase of 162K jobs. This exceeded market forecasts of 56K and follows a modest 21K rise in July.

Bitcoin (BTC) corrected from its earlier highs near $81,500 and is currently trading below $80,000. The cryptocurrency holds above key Exponential Moving Averages (EMAs), maintaining a bullish bias but with slowing momentum.

Gold also trimmed gains, testing the support level of $4,400 as investors digest the positive US economic data.

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