CoinDesk
Bitcoin is up almost 2% over the past 24 hours and trading above $86,000 ahead of the U.S. jobs report. Nonfarm payrolls are forecast to rise by 90,000, while the unemployment rate is expected to hold at 4.1%.
Why it matters
The jobs report is the week's biggest scheduled macroeconomic release for markets. Bitcoin's gain comes alongside modest advances in tech futures and precious metals, while the U.S. Dollar Index remains above 102.
Market impact
Tech futures are up roughly 0.60%. Gold trades just below $4,200 an ounce and silver above $61. WTI crude oil has fallen 4% over the past 24 hours to below $90 a barrel, while the U.S. 10-year Treasury yield has eased slightly to 5.22%.
Frequently asked questions
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What are the forecasts for the U.S. jobs report?
Nonfarm payrolls are forecast to rise by 90,000, and the unemployment rate is expected to hold at 4.1%.
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How much has Bitcoin gained ahead of the report?
Bitcoin is up almost 2% over the past 24 hours and is trading above $86,000.
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How are tech futures and precious metals trading?
Tech futures are up roughly 0.60%. Gold is trading just below $4,200 an ounce, while silver is above $61.
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Where do the Treasury yield and U.S. dollar stand?
The U.S. 10-year Treasury yield has eased slightly to 5.22%. The U.S. Dollar Index remains above 102.
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How has crude oil moved over the past 24 hours?
WTI crude oil has fallen 4% over the past 24 hours to below $90 a barrel.
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