Cryptocurrency Bitcoin's Value Maintains Above $110,000; Potential Impact of Poor Economic Figures on Further Surge

In a surprising turn of events, the Bitcoin price has been on a bullish streak during a period of rising unemployment and expectations of Federal Reserve rate cuts.

During the first wave, from late 2024 to early 2025, investors moved capital into cryptocurrency exchanges, anticipating the Federal Reserve's interest rate cuts due to emerging labor market weakness. This influx of capital led to a surge in stablecoin reserves on these exchanges, which grew from $30 billion to $50 billion.

The trend continued into the second wave, from mid-2025 to the present, with unemployment rates rising again. Despite this, stablecoin exchange reserves reached an all-time high of $58.5 billion. This surge in capital on exchanges, ready to buy more coins, has been attributed to the weak jobs data.

The market leader, Bitcoin, has benefited from this trend. Over the past week, the Bitcoin price has risen from below $108,000 to as high as $113,000, representing an almost 3% increase. According to data from CoinGecko, the market leader is up by almost 3% in the last seven days.

As of this writing, the price of BTC stands at around $110,780, reflecting no significant changes in the past 24 hours.

The weak jobs data could be the foundation for a fresh rally for Bitcoin, according to market research firm XWIN Research Japan. In a Quicktake post on the CryptoQuant platform, XWIN Research Japan suggested that the rising unemployment in the United States could be linked to stronger expectations of Fed rate cuts. They further explained that this could lead to increased demand for Bitcoin, driving up its price.

Interestingly, history shows a paradox where rising unemployment is often linked to weak performances by risk assets. However, XWIN Research Japan posits that this does not necessarily apply to the Bitcoin price. In fact, they suggest that the latest job data could guide the Bitcoin price to a new high.

This view was also echoed by the market research firm CryptoQuant, in a Quicktake post on the CryptoQuant platform. They suggested a possible connection between weak U.S. labor market data and a potential new high in the Bitcoin price.

Despite the bearish pressure triggered by the US Nonfarm Payrolls (NFP) release, the price of Bitcoin managed to stay above the psychological $110,000 level. This resilience in the face of adverse economic indicators underscores the growing confidence in Bitcoin as a safe haven asset.

Depositing addresses on cryptocurrency exchanges have frequently surpassed 30,000 BTC, with highs near 40,000 BTC in the second wave. This indicates a strong interest in investing in Bitcoin, even during periods of economic uncertainty.

In conclusion, the Bitcoin price has shown remarkable resilience during a period of rising unemployment and Fed rate cut expectations. The latest analysis suggests that the latest job data could guide the Bitcoin price to a new high, making it an exciting time for Bitcoin investors.

Cryptocurrency Bitcoin's Value Maintains Above $110,000; Potential Impact of Poor Economic Figures on Further Surge