Bitcoin Falls After Strong U.S. Jobs Data Increases Rate-Rise Prospects — Update

Morningstar · 2026-11-06 14:37 UTC

Bitcoin lost ground after stronger-than-expected U.S. nonfarm payrolls data Friday boosted expectations for the Federal Reserve to raise interest rates further.

By Renae Dyer

Bitcoin lost ground after stronger-than-expected U.S. nonfarm payrolls data Friday boosted expectations for the Federal Reserve to raise interest rates further.

Nonfarm payrolls rose 165,000 in October following an upwardly revised 60,000 increase in September, while the unemployment rate fell to 4.1% from 4.2%, according to the U.S. Bureau of Labor Statistics. Economists in a WSJ survey had forecast a 59,000 increase in payrolls and expected the unemployment rate to remain at 4.2%.

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