Bitcoin Rebounds Above $69,000 As Market Uncertainty Continues

Bitcoin (BTC) rebounded from below $69,000 on Nov. 1 as unexpected U.S. jobs data introduced volatility to the U.S. dollar. Data from Cointelegraph Markets Pro and TradingView showed BTC’s price recovery after October’s nonfarm payroll report. The report revealed a much lower-than-expected addition of 12,000 jobs versus an anticipated 106,000. Revisions for September and August were also significantly reduced by 31,000 and 81,000 jobs, respectively, while the unemployment rate met expectations at 4.1%. “This marks the lowest number of U.S. jobs added since July 2021. All signs continue to point toward a weaker labor market,” commented The Kobeissi Letter on