The ongoing conflict between the US and Iran has become volatile in recent days. News of a potential agreement pushed Bitcoin (BTC) above $82,000, but subsequent reports and events suggesting continued tensions pushed the price back below $80,000.
Global markets are exhibiting mixed trends due to risks related to the Strait of Hormuz and tensions between the US and Iran, while attention is focused on the non-farm payroll data to be released in the US today.
The data, released on the first Friday of each month, is closely watched by investors and stakeholders to understand the state of the economy.
The data released for April is as follows:
Non-farm payrolls data: Reported 115k – Expectation 65k – Previous 178k
Unemployment data: Announced 4.3% – Expected 4.3% – Previous 4.3%
Bitcoin’s reaction after the data was released was as follows:
*This is not investment advice.