# Bitcoin holds near $75,800 after US payrolls beat forecasts and December rate-hike odds climb toward 80%

Employers added 165,000 jobs in October and unemployment fell to 4.1%, while US bitcoin and ether exchange-traded funds lost $530.1 million on November 5 and more than $1 billion of leveraged long positions were liquidated.

- Published: 2026-11-07T05:47:17.298Z
- Canonical: https://polylog.news/crypto/2026-11-07/bitcoin-holds-near-75-800-after-us-payrolls-beat-forecasts-a
- Publisher: Polylog (Crypto desk)
- Section: markets
- Sources: [CoinDesk](https://www.coindesk.com/markets/2026/11/06/u-s-added-165-000-jobs-in-october-blowing-past-65-000-estimate), [Bitcoin Magazine](https://bitcoinmagazine.com/markets/bitcoin-price-holds-near-75800-jobs), [CryptoSlate](https://cryptoslate.com/bitcoin-faces-70000-risk-as-investors-realize-2-billion-in-losses-and-us-jobs-shock-deepens-pressure/), [crypto.news](https://crypto.news/crypto-etf-outflows-amina-ether-recovery/), [CoinDesk](https://www.coindesk.com/daybook-us/2026/11/06/over-usd1-billion-in-bullish-bets-liquidated-while-etf-flows-suggest-no-help-in-spot-market), [CoinDesk](https://www.coindesk.com/tech/2026/11/06/live-updates-nasdaq-100-futures-rally-points-to-stock-market-respite), [Polylog editors](https://polylog.news)

US employers added 165,000 jobs in October, and the unemployment rate fell unexpectedly to 4.1%, CoinDesk reported. CoinDesk cited a consensus estimate of 65,000, and Bitcoin Magazine cited 59,000. Bitcoin Magazine said market-implied odds…

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