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$65,300 is the month-to-date high $BTC printed after US nonfarm payrolls data came in soft, cooling Federal Reserve rate-hike expectations and lifting risk assets broadly. The jobs number moved the price.
The mechanism: rate bets, not protocol Nonfarm payrolls is the US labor market's most-watched monthly release, and a soft reading directly shifts the probability calculus on Federal Reserve action.
When rate-hike odds fall, the opportunity cost of holding a non-yielding asset like Bitcoin falls with it.
Price adjusts fast to that repricing, especially when the data point is large enough to register across risk markets simultaneously.
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