Bitcoin Defies Gravity: BTC Holds Firm Near $90,000 Milestone Post-US Jobs Report
Bitcoin isn't asking for permission. The benchmark cryptocurrency is holding its ground near the $90,000 psychological fortress, shrugging off the latest economic data dump from Washington. This isn't a cautious hover—it's a statement of intent.
The Macro Shuffle
Traditional markets flinch at every jobs report, every inflation tick. Bitcoin? It processes the noise and moves on. The latest US employment figures landed, and the reaction was a masterclass in resilience. No panic selling, no wild volatility—just a steady hand on the wheel. It's almost as if the asset class built to bypass traditional finance is... bypassing traditional finance.
Price as a Narrative
That $90,000 level isn't just a number on a screen. It's a battleground. Holding here signals a market that's matured, one where institutional flows provide a bedrock beneath the speculative froth. The days of Bitcoin being a pure risk-on/risk-off proxy are fading. Its correlation dance with equities is getting looser, its own rhythm stronger.
A New Playbook
Forget the old rules. The playbook where strong jobs data spells trouble for 'risk assets' is getting a digital-age rewrite. Capital is voting with its wallets, and a growing chunk is allocating to a system that operates 24/7, without central bank whispers or quarterly guidance calls. It's a silent referendum on monetary sovereignty.
What's Next?
The consolidation near this key level is more bullish than any parabolic spike. It builds energy, shakes out weak hands, and sets the stage for the next leg. The real story isn't the price today—it's the unwavering demand at these heights. Wall Street analysts are still trying to value it with discounted cash flow models, a bit like using a sundial to time a rocket launch.
Bitcoin's holding pattern above $90,000 isn't just technical analysis—it's a declaration of independence. The old guard is watching the ticker, waiting for a collapse that doesn't come. Meanwhile, the network hums along, block by immutable block, proving that sometimes the best reaction to economic noise is a deafening, profitable silence.
Bitcoin price today remained steady NEAR the $90,000 level after fresh US economic data showed a slight improvement in the labor market, easing immediate pressure on risk assets.
Bitcoin was trading around $90,200, up 1% on the day, as investors digested lower-than-expected unemployment figures while waiting for clearer market direction.
US Unemployment Data Comes in Lower Than Expected
The US unemployment rate fell to 4.4% in December, beating expectations of 4.5%, according to data released by the Bureau of Labor Statistics. While the drop points to a stabilising labor market, the rate remains well above the Federal Reserve’s long-term comfort zone.
Nonfarm payrolls increased by 50,000 jobs, missing forecasts and marking a sharp slowdown from previous months. Payroll numbers for October and November were also revised lower by a combined 76,000 jobs, highlighting softer momentum in hiring.
For the full year, average monthly job growth dropped to 49,000, compared with 168,000 in 2024, reinforcing the view that the US economy is cooling.
Crypto Market Remains Calm After Data Release
Despite the mixed macro signals, the broader crypto market showed little reaction. Total crypto market capitalisation stood near $3.08 trillion, up slightly on the day, while sentiment indicators stayed neutral.
Ethereum was priced near $3,076, while XRP traded close to $2.09, extending its recent relative strength compared with other large tokens.
Bitcoin is currently trading in a sideways range, showing no clear direction as buyers and sellers remain evenly matched. Prices have repeatedly struggled near a strong resistance zone between roughly $92,800 and $101,200, an area where bitcoin was rejected several times in November and December.
On the downside, the market has been holding above the $86,500 to $88,200 support area, which continues to act as a cushion during pullbacks.
