U.S. Job Growth Beats Forecasts as Unemployment Drops, Bitcoin Slips on Rate Hike Outlook
• U.S. added 199,000 jobs in November, beating forecasts of 180,000
• Unemployment rate dipped to 3.7%, lower than expected 3.9%
• Bitcoin price fell 0.5% to $43,500 following the strong jobs report
• Interest rates rising - 10-year Treasury yield up 8 basis points to 4.24%
• Bitcoin had rallied 60% since October partly on hopes of easier Fed policy