The U.S. June 2025 jobs report, indicating an addition of 147,000 jobs and a drop in the unemployment rate to 4.1%, caused noteworthy shifts in the cryptocurrency market.
Short-Term Impact on Bitcoin
Following the release of strong employment data, Bitcoin's price dropped, reflecting diminished interest as an asset amid stable or rising interest rates. Key support levels were around $108,000, while potential resistance was in the $112,000-$120,000 range.
Short-Term Impact on Ethereum
Ethereum also reacted to the economic data but demonstrated greater resilience. After the strong report, Ethereum's price fluctuated between $2,585 and $2,598. Its stability is attributed to institutional investments and technological upgrades that bolster its appeal.
Long-Term Implications for Bitcoin and Ethereum
A strong labor market may positively impact cryptocurrencies in the long term, providing opportunities as inflation hedges. Economic growth could foster greater institutional adoption, which will sustain investor interest in Bitcoin and Ethereum.
The recent U.S. June 2025 jobs report demonstrated a short-term bearish impact on the cryptocurrency market, particularly on Bitcoin, however, the long-term outlook for assets like Bitcoin and Ethereum remains positive.
