**Bitcoin Surges Past $58K Amid Positive US Job Data**

Bitcoin (BTC) soared above $58,000 as Wall Street opened on August 8, driven by upbeat US unemployment figures. Data from Cointelegraph Markets Pro and TradingView showed BTC hitting $58,482 on Bitstamp, marking its best performance of the week.

US initial jobless claims fell to 233,000, below expectations, suggesting a healthier economy and easing recession fears. Economist Mohamed El-Erian noted that a figure below 230,000 would indicate a gradual economic normalization.

Traders on Binance responded with $30 million in BTC buy orders, though some remain cautious, predicting a potential dip after hitting $60,000. Monitoring resource CoinGlass highlighted a significant reduction in liquidity below $50K, while traders keep an eye on the $70K-$72K region for future movements.