{"id":22376,"date":"2026-08-06T23:38:05","date_gmt":"2026-08-06T23:38:05","guid":{"rendered":"https:\/\/cryptoted.net\/index.php\/2026\/08\/06\/bitcoin-price-slips-below-65k-after-us-jobs-data\/"},"modified":"2026-08-06T23:38:05","modified_gmt":"2026-08-06T23:38:05","slug":"bitcoin-price-slips-below-65k-after-us-jobs-data","status":"publish","type":"post","link":"https:\/\/cryptoted.net\/index.php\/2026\/08\/06\/bitcoin-price-slips-below-65k-after-us-jobs-data\/","title":{"rendered":"Bitcoin price slips below $65K after US jobs data"},"content":{"rendered":"<p> <br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/media.crypto.news\/2026\/07\/Bitcoin2.webp\" \/><\/p>\n<div>\n<p class=\"is-style-lead\">Bitcoin fell below $65,000 on Thursday after stronger-than-expected U.S. jobless claims data reinforced concerns that the Federal Reserve could keep interest rates elevated.<\/p>\n<div id=\"cn-block-summary-block_e029fe18220d6b18f2a78ae738cb4322\" class=\"cn-block-summary\">\n<p>\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/p>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li><strong>Bitcoin traded at $64,384<\/strong>, down 0.69% after failing to close above $65,000.<\/li>\n<li>Initial U.S. jobless claims reached <strong>199,000<\/strong>, below economists\u2019 forecast of 204,000.<\/li>\n<li>BTC found immediate support near <strong>$64,000<\/strong>, while $64,800\u2013$65,000 remains resistance.<\/li>\n<li>Further evidence of labor market strength could affect <strong>Federal Reserve rate expectations<\/strong>.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<h2 class=\"wp-block-heading\">Bitcoin price rejected near $65,000<\/h2>\n<p>According to data from crypto.news, Bitcoin (<a href=\"https:\/\/crypto.news\/price\/bitcoin\/\" target=\"_blank\">BTC<\/a>) price traded at $64,384.27 at press time, marking a 0.69% decline over the previous 24 hours. The pullback followed another unsuccessful attempt to break through the $64,800\u2013$65,000 resistance zone.<\/p>\n<p>BTC had recovered from approximately $62,400 earlier in the week and briefly tested the upper end of its recent range. However, buyers failed to secure a daily close above $65,000, allowing sellers to regain control near the psychological level.<\/p>\n<p>The rejection pushed Bitcoin toward $64,000, which has emerged as its nearest short-term support. Holding that level would keep the latest recovery structure intact, while a sustained break below it could expose the lower part of the range.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Bitcoin has remained sensitive to U.S. economic releases because stronger data can reduce expectations for monetary easing. Higher interest rates generally make yield-bearing assets more attractive relative to risk assets such as cryptocurrencies.<\/p>\n<h2 class=\"wp-block-heading\">US jobless claims beat expectations<\/h2>\n<p>The latest labor data showed that seasonally adjusted initial unemployment claims reached 199,000 during the week ending Aug. 1, according to the <a href=\"https:\/\/www.dol.gov\/ui\/data.pdf\" target=\"_blank\" rel=\"nofollow\">U.S. Department of Labor<\/a>.<\/p>\n<p>Claims increased by 1,000 from the previous week\u2019s revised reading of 198,000 but remained below the 204,000 expected by economists. The lower-than-forecast figure pointed to continued resilience in the U.S. labor market.<\/p>\n<p>The four-week moving average fell to 198,750, down 4,500 from the revised average of 203,250 recorded a week earlier. This measure helps smooth weekly volatility and provides a clearer view of the underlying trend.<\/p>\n<p>Continuing claims rose by 24,000 to 1.801 million for the week ending July 25. Meanwhile, the insured unemployment rate remained unchanged at 1.2%.<\/p>\n<p>Taken together, the figures showed that layoffs remained limited, although the increase in continuing claims suggested that some unemployed workers were taking longer to find new positions.<\/p>\n<h2 class=\"wp-block-heading\">Fed expectations weigh on Bitcoin<\/h2>\n<p>A resilient labor market could give the Federal Reserve more room to maintain restrictive monetary policy or consider further rate increases if inflation remains elevated.<\/p>\n<p>That possibility matters for U.S. crypto investors because expectations for higher rates can lift Treasury yields and strengthen the dollar. Both developments can reduce demand for non-yielding and higher-risk assets, including Bitcoin.<\/p>\n<p>However, weekly unemployment claims represent only one part of the Fed\u2019s policy outlook. Officials will also consider inflation, payroll growth, wages and consumer spending before making their next decision.<\/p>\n<p>Bitcoin\u2019s decline following the claims release therefore reflects shifting rate expectations rather than a confirmed change in Federal Reserve policy. Upcoming economic data could quickly alter the market\u2019s interpretation.<\/p>\n<h2 class=\"wp-block-heading\">Bitcoin must reclaim $65,000<\/h2>\n<p>Bitcoin now needs to close above the $64,800\u2013$65,000 area to confirm renewed upward momentum. A successful breakout could allow buyers to extend the recovery that began near $62,400.<\/p>\n<p>Until then, the repeated rejection leaves BTC trading within a defined range. The $64,000 level provides immediate support, followed by the recent swing low near $62,400 if selling pressure increases.<\/p>\n<p>Traders will watch upcoming U.S. inflation and employment releases for further clues about the Fed\u2019s path. A softer set of economic figures could revive expectations for lower rates, while continued labor market strength may keep Bitcoin\u2019s recovery capped below $65,000.<\/p>\n<div class=\"cn-block-disclaimer\">\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/crypto.news\/bitcoin-price-slips-below-65k-after-us-jobs-data\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin fell below $65,000 on Thursday after stronger-than-expected U.S. jobless claims data reinforced concerns that the Federal Reserve could keep interest rates elevated. Summary Bitcoin traded at $64,384, down 0.69% after failing to close above $65,000. Initial U.S. jobless claims reached 199,000, below economists\u2019 forecast of 204,000. BTC found immediate support near $64,000, while $64,800\u2013$65,000 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":21780,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[23],"tags":[],"kronos_expire_date":[],"class_list":["post-22376","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"_links":{"self":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/posts\/22376","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/comments?post=22376"}],"version-history":[{"count":0,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/posts\/22376\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/media\/21780"}],"wp:attachment":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/media?parent=22376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/categories?post=22376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/tags?post=22376"},{"taxonomy":"kronos_expire_date","embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/kronos_expire_date?post=22376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}