Bitcoin Price Dives Below $65K Amid Strong US Jobless Claims

Bitcoin's price slipped below $65K on Thursday after stronger-than-expected US jobless claims data reinforced concerns that the Federal Reserve could keep interest rates elevated.

The Bitcoin price traded at $64,384.27 at press time, marking a 0.69% decline over the previous 24 hours, according to crypto.news.

The pullback followed another unsuccessful attempt to break through the $64,800, $65,000 resistance zone.

A resilient labor market could give the Federal Reserve more room to maintain restrictive monetary policy or consider further rate increases if inflation remains elevated.

Bitcoin now needs to close above the $64,800, $65,000 area to confirm renewed upward momentum.