Bitcoin holds near $75,000 after a hot jobs report lifts December rate-hike odds

Published 7 November 2026 · by Hunt4Coin

Bitcoin held in a narrow range around $75,000–76,000 on 6 November 2026 after the US reported 165,000 new jobs for October, nearly three times what economists expected, pushing the odds of a Federal Reserve rate hike in December to about 79–80%.

Prices

Bitcoin (BTC): briefly above $76,100 after the jobs data at 8:30 a.m. ET on 6 November, then back near $75,500; the day's range was about $75,240 to $76,280 (Bitcoin Magazine, TokenPost). On 5 November it had fallen about 5.3% from an open near $80,444 to an intraday low around $75,035 (Coinpaper).
Ethereum (ETH): about $2,237 on 6 November after trading above $2,400 earlier in the week (CryptoSlate).
Bitcoin's market value was about $1.52 trillion (Bitcoin Magazine).

Live prices and exchange candle charts: Bitcoin, Ethereum, Solana, XRP.

The October jobs report

The US Labor Department's report for October, released on 6 November, was stronger than forecast on every headline measure:

Measure	October	Forecast or previous
Nonfarm payrolls	+165,000	about 59,000 expected (Reuters' consensus: 65,000)
Unemployment rate	4.1%	4.2% in September
Average hourly earnings	+0.4% on the month, +3.1% on the year	above estimates
Revisions to August and September	+84,000 combined	September now 60,000, August 186,000

Professional and business services added 70,000 jobs, health care 42,000 and transportation and warehousing 25,000 (TokenPost, Bitcoin Magazine).

Why it matters for crypto: rate-hike odds

Markets are pricing a possible rate increase, not a cut, at the Fed's 9 December meeting. After the report, futures put the chance of a quarter-point hike at about 79% (CME FedWatch, cited by Bitcoin Magazine and TokenPost) or about 80% (Reuters, cited by Coinpaper), up from roughly 70–75% before the data. The 10-year Treasury yield rose to about 4.88%. Higher rates and yields tend to weigh on assets like Bitcoin because they raise the return available on cash and bonds. The next jobs report is due on 4 December; October inflation (CPI) is due on 10 November.

ETFs: a second day of heavy outflows

US spot Bitcoin ETFs had a net outflow of $430.2 million on 5 November, the day of the stock selloff, with none of the funds taking in money, according to Farside data cited by CryptoSlate and Coinpaper. BlackRock's IBIT lost about $105 million; reports differ on Fidelity's FBTC (about $200 million per CryptoSlate and Bitcoin Magazine, $99.9 million per Coinpaper). Spot Ether ETFs lost about $100 million the same day. Bitcoin ETFs have now had net outflows of about $869.8 million in the first four trading days of November, after a $74.6 million inflow on 4 November (our 5 November report).

Stocks bounce

After Thursday's rout (our 6 November report), US stocks opened higher on Friday: the Nasdaq rose about 2% minutes into the session and the S&P 500 about 1%, led by chip stocks (KuCoin/Longbridge). Bitcoin did not follow the bounce in the hours after the open.

How to follow it

Macro days like this move Bitcoin within minutes of the release. You can watch Bitcoin on exchange candle charts from 1 minute up, check which top-100 coins are still in an uptrend (above the EMA 200, Supertrend up) in the free crypto screener, and set price or RSI alerts for the CPI release on 10 November. New to trend indicators? Read how to use Supertrend. To see how a rule handles weeks like this, fees included, use the backtester or practise in paper trading.

Information only, not financial advice. Prices move quickly; check the live charts before acting.