Bitcoin declined on Friday while U.S. Treasury yields moved higher following the release of the latest jobs report. The market response suggested a more hawkish outlook for Federal Reserve policy, but CoinDesk reported that expectations for a Fed rate hike had not materially changed. The relatively steady rate outlook contrasts with the moves in both Bitcoin and government bond yields, indicating that the immediate reaction may have overstated the report’s effect on monetary-policy expectations. For crypto-market participants, the development leaves Bitcoin responding to higher yields even as the underlying shift in projected Fed rate-hike odds remains limited. CoinDesk’s assessment provides context for BTC’s move and the broader risk-asset reaction, without indicating that the jobs data has significantly altered expectations for the Federal Reserve’s next steps.
