**Bitcoin Surges as US Employment Data Exceeds Expectations**
Bitcoin (BTC) experienced notable volatility on Oct. 4, aligning with a positive response from US stocks after employment data significantly surpassed forecasts. BTC/USD neared $62,000 on Bitstamp, climbing about 2% for the day. The US nonfarm payrolls for September hit 254,000, far above the expected 147,000.
US equities also rallied, with the S&P 500 and Nasdaq Composite Index opening higher. Analysts suggest strong risk appetite, though upcoming CPI inflation data on Oct. 10 will be crucial for market sentiment. The odds of a smaller Fed interest rate cut in November have surged to 93%.
Bitcoin's price action cleared significant liquidity at $61,830, with traders eyeing potential moves towards $62.5K. Despite recent fluctuations, analysts see bullish potential for BTC.