U.S. hiring slowdown may boost bitcoin unless rising wages fuel inflation fears

The U.S. nonfarm payrolls report for April is expected to show a sharp slowdown in job growth, which could support bitcoin by suggesting the Federal Reserve may hold interest rates steady. However, rising wage growth could increase inflation concerns, complicating the Fed's decisions and potentially limiting bitcoin's rally. Analysts see $75,000 as a key support level for bitcoin amid these mixed signals. Traders are also watching Fed meeting minutes and global oil market developments for further clues on economic direction.