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

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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.