The financier warned about the risk of bitcoin falling to $ 57 thousand.

Strong data on the US labor market reduces the likelihood of an early easing of the monetary policy of the Federal Reserve System (FRS) and increases pressure on the cryptocurrency market. This opinion was shared with Izvestia on June 5 by Andrey Loboda, an economist and member of the Committee on mining and blockchain technologies of the Committee on Finance and Investments of the Chamber of Commerce and Industry of the Russian Federation.

According to him, the May employment report turned out to be significantly better than market expectations. The number of new jobs was 172,000 against the projected 85,000, and the unemployment rate remained at 4.3%. In addition, statistics for previous months were revised upward: the April figure was increased from 115,000 to 179,000 jobs, and the March figure was increased by another 29,000.

The expert noted that in total, the American labor market turned out to be 93,000 jobs stronger than analysts' expectations in two months. In his opinion, such data indicate the stability of the US economy and give the Federal Reserve reason not to rush to lower interest rates.

"Against the background of the publication of the report, the US dollar index (DXY) strengthened, and the bitcoin exchange rate decreased from $62.2 thousand to $ 61.8 thousand, approaching the psychologically important mark of $ 60 thousand," the expert explained.

The economist called the increase in average hourly wages an additional factor limiting the likelihood of easing the Fed's policy. In May, the indicator increased by 0.3% compared to the previous month and by 3.4% year-on-year, reaching $37.53.

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At the same time, Loboda drew attention to the deteriorating situation in the US financial sector. In May, the industry lost 22 thousand jobs, and from the peak values of May 2025, employment reduction reached 107 thousand people. According to him, this may negatively affect the propensity of institutional investors for risky assets. The main increase in jobs was provided by the healthcare and municipal government sectors, which do not have a direct impact on the cryptocurrency market.

According to the expert, the current situation remains unfavorable for bitcoin. Strong employment statistics reduce expectations of an imminent Fed rate cut, while high borrowing costs continue to put pressure on risky assets.

Loboda also recalled the recent liquidation of long positions in the crypto market in the amount of about $ 4 billion and the outflow of funds from exchange-traded cryptocurrency funds in the amount of $ 4.4 billion. According to him, in the event of a breakdown of the support level of $ 60 thousand, bitcoin may fall to around $ 57.15 thousand.

According to the expert, a reversal of the trend is possible with the return of capital inflows into spot ETFs for bitcoin, as well as in the case of the publication of softer data on inflation in the United States and a decrease in geopolitical tensions.

On June 4, the value of the bitcoin coin plummeted below $62 thousand. It is clarified that the most popular cryptocurrency in the world has lost 2.97% of its value. As a result of the fall, the price of bitcoin dropped below $ 62 thousand for the first time in recent years.