The US economy added 216,000 jobs in December 2023, surpassing economists' expectations and November's revised figure of 173,000. The unemployment rate remained steady at 3.7%, beating forecasts of a rise to 3.8%. Bitcoin's price saw a slight dip following the strong job report but remained relatively unchanged for the day. Traditional markets, such as the Nasdaq, have had a shaky start to 2024, with the 10-year Treasury yield up by 25 basis points and investors concerned that they may have overestimated the likelihood of rate cuts in 2024.

The number of initial jobless claims in the United States last week was 218,000, estimated to be 210,000, and the previous value was 205,000.

Fed Chairman Powell stated that inflation has eased while unemployment rates have not significantly increased. Inflation is still too high. The road ahead is uncertain. We have significantly tightened monetary policy.