You are currently viewing Bitcoin price taps week-to-date high near $58.5K amid US jobs data miss

Bitcoin buyers step in as US jobless claims fall short of estimates, with Binance buy orders helping fuel a BTC price trip to week-to-date highs.

Bitcoin (BTC) spiked through $58,000 into the Aug. 8 Wall Street open as United States unemployment data boosted the mood.

Data from Cointelegraph Markets Pro and TradingView showed local BTC price highs of $58,482 on Bitstamp — the best performance week-to-date.

US initial jobless claims came in at 233,000, below expectations, feeding a positive narrative over the economy where previously, talk of recession abounded.

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