The price of Bitcoin exceeded $50,000, and the stock price fell after a disappointing U.S. employment report Author: Cointelegraph

Bitcoin price breaks through $50,000, share price declines after disappointing U.S. employment report

The S&P 500 Index fell to its intraday high on September 2, while (Bitcoin) Climbed to the highest level in more than three months. This is because an important report on September 3 showed that the U.S. economy has created fewer jobs than expected, reducing the possibility that the Fed will begin to withdraw from the stimulus plan this year.

U.S. Bureau of Labor Statistics disclose The number of non-farm payrolls (NFP) increased by 235,000 in August, compared with expectations of 733,000. Nevertheless, the unemployment rate fell slightly to 5.2% from 5.4% last month.

Bitcoin 1-hour candlestick chart. Source: TradingView.com
Bitcoin price daily chart and spot gold () and (DXY). Source: TradingView