U.S. job report for January just came out and the data is much stronger than expected. The Bureau of Labor Statistics reported an increase of 130,000 jobs, significantly surpassing economists' expectations of only 70,000. The unemployment rate also dropped to 4.3%, lower than the forecasted 4.4%. This indicates that the U.S. labor market remains quite resilient at the start of 2026.

Market reactions are immediately visible. Bitcoin, which was previously declining toward the $67,000 area, then rose back to $67,500 after this data was released. However, BTC is still down 2% in the last 24 hours. Stocks also responded positively, with the Nasdaq 100 up 0.55% and the S&P 500 up 0.5%. The dollar strengthened, and the 10-year Treasury yield jumped five basis points to 4.20%.

What’s interesting are the implications for interest rates. Traders are now lowering expectations for a rate cut in March, from 21% to just 19%. The Federal Reserve maintained a steady policy at the January meeting and doesn’t seem in a rush to cut interest rates again. This strong employment data could keep the Fed on hold until they see how inflation develops in the first quarter of this year.