Bitcoin Spikes Following Release of Key Economic Data
Analysis
Price Impact
MedBitcoin experienced a brief price spike to roughly $67,400 following the release of the january jobs report, but quickly pared these modest gains. the spike was short-lived and likely driven by algorithmic trading, indicating a volatile but quickly reversed immediate reaction.
Trustworthiness
HighThe analysis is based on official economic data from the bureau of labor statistics (january nonfarm payrolls report and annual benchmark revision) and reported by u.today, a reputable crypto news outlet.
Price Direction
NeutralWhile there was an initial bullish spike, it was quickly reversed. the economic data itself is conflicting: a strong nfp report (typically bearish for risk assets as it allows the fed to keep rates high) was offset by massive downward historical revisions to past job numbers. this creates fundamental uncertainty, leading to a largely neutral immediate price movement after the initial volatility.
Time Effect
ShortThe described price spike was 'brief' and 'short-lived,' with bitcoin quickly paring gains. the market's immediate digestion of the conflicting data led to a quick return to low volatility.
Original Article:
Article Content:
Cover image via U.Today Read U.TODAY on Google News Bitcoin markets witnessed little volatility on Wednesday morning after the Bureau of Labor Statistics released its delayed January jobs report . Advertisement The leading cryptocurrency experienced a rather brief price spike before paring modest gains after traders digested the data. Earlier today, Bitcoin was under bearish pressure ahead of the release. At exactly 13:30, the chart registers a significant green candle, reaching a peak of roughly $67,400. HOT Stories Morning Crypto Report: Bitcoin Drops to $67,000 Amid CPI Caution, Ripple Targets UK Insurance Market for XRP Ledger, Dogecoin Creator Reacts to Satoshi Theories Goldman Sachs Holding $152M in XRP The spike was notably short-lived since it was likely driven by algorithmic trading. Advertisement Conflicting data The newly released January Nonfarm Payrolls (NFP) report significantly beat expectations, complicated by massive historical revisions. The U.S. economy added a robust 130,000 jobs in January. Notably, this has more than doubled the economist consensus of roughly 65,000 to 75,000. You Might Also Like Tue, 02/10/2026 - 14:51 7-Year Dormant Bitcoin Whale Wakes Up, Moves 2,043 BTC By Godfrey Benjamin Advertisement The unemployment rate ticked down to 4.3%, which made it possible for the company to defy expectations. Typically, a "hot" jobs report is bearish for risk assets like Bitcoin. This gives the Federal Reserve more room to keep interest rates high. The Bureau of Labor Statistics also released its annual benchmark revision, which was less rosy. The revision erased 898,000 jobs from the record between April 2024 and March 2025. This massive downward adjustment confirms that the labor market was far weaker last year than initially reported. #Bitcoin Price Prediction