Bitcoin drops to $23,250 on significantly higher-than-expected US payroll data

The US Bureau of Labor Statistics (BLS) released payroll data for the nonfarm sector. 517,000 Jobs were added in January, well above expectations.

economists had predicted 185,000 The non-farm jobs added that month are less than the actual 223,000 jobs added in December.

As an initial reaction, Bitcoin registered a 1.1% decline and bottomed out at $23,250 in the 5-minute candlestick at 13:30 (UTC).

The post of Bitcoin falling to $23,250 on US salary data, much higher than expected, first appeared on CryptoSlate.