"A robust U.S. economy reduces uncertainty, particularly with the upcoming U.S. election, and this bodes well for bitcoin, removing one of the key risks looming over the market," said CoinDesk analyst James Van Straten.
"The employment picture in the U.S. heated up in September, with the government reporting the addition of 254,000 jobs last month, flying past economist estimates for just 140,000."
"In addition, August's previously reported 142,000 job gain was revised higher to 159,000, demonstrating ongoing strength in the labor market and providing confidence heading into the fall season."
"Average hourly earnings rose 0.4% in September, beating forecasts for 0.3%, showcasing continued wage growth that supports consumer spending and economic stability."
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