The U.S. jobs report for June showed a lower unemployment rate of 4.1% and an increase in nonfarm payrolls by 147,000, surpassing analyst expectations.
The positive job data indicates resilience in the U.S. labor market despite concerns about an economic slowdown.
Markets reacted positively to the news, with Bitcoin surging above $110,000 as traders saw the employment figures as a sign of economic stability.
The strong job creation eases fears of an economic downturn, potentially giving the Federal Reserve more flexibility regarding rate cuts.