Bitcoin Hovers Around $65,000 as US Jobs Data Reinforces Fed Rate Expectations

Bitcoin's price hovered around $65,000 on Friday as the broader crypto market remained relatively stable ahead of US jobs data. The US payrolls report showed a decline in employment by 23,000 in July, contrary to expectations of an 83,000 gain. This development reinforces expectations that the Federal Reserve will keep interest rates at 3.50-3.75% in September.

Ether's price also remained steady near $1,903, while the overall crypto market stayed mostly flat. The lack of significant movement may indicate a sense of stability and reduced volatility in the market.