According to the Nonfarm Payrolls Report, the U.S. economy added 175,000 new jobs in April. That figure was well below the 243,000 economists had predicted.

Economists who estimated the unemployment rate at 3.8% in April, as in March, were wrong on this issue as well. The unemployment rate for April was announced as 3.9%.

The price of Bitcoin (BTC) rose more than 1% to $60,100 within minutes of the news

Interest rates and the U.S. dollar have experienced strong rise, especially in the last few weeks, as the market's expectations of a slowdown in economic growth and inflation have not materialized. Four months ago, five or six rate cuts expected by the U.S. Central Bank in 2024 were priced in futures markets, but that figure has been reduced to one or two, according to the CME FedWatch Tool.

Even interest rate hikes have started to be discussed. At Wednesday's post-FOMC press conference, Fed Chair Jerome Powell was asked on more than one occasion if he had considered the idea that the central bank should raise interest rates further. While Powell has eased these concerns, strengthening employment and inflation could challenge the Fed at some point.

The tighter-than-expected monetary policy is among a number of factors that have caused the Bitcoin to fall by about 20% from its all-time high reached in mid-March. However, today's report suggests a possible change in the trend.

Traditional markets are also welcoming this news. U.S. stock index futures are currently up more than 1%, and the 10-year Treasury bond yield is down 11 basis point to 4.47%. The dollar index fell 0.8 percent, while the price of gold rose 0.8 percent to $2,329 an ounce.