The United States job market data was highly anticipated, with analysts waiting to gauge its impact on the economy and future monetary policies. As per the latest report, the US saw a rise in employment by 175,000, totaling 240,000 jobs, which was lower compared to the previous month's 303,000. The US unemployment rate currently stands at 3.9%, slightly higher than the expected 3.8%. Despite this, hourly earnings in the US increased by 0.2%, slightly below the projected 0.3% rise.

The optimistic outlook of the US economy has led to expectations of a dovish stance by the Federal Reserve in the upcoming days. Concurrently, recent data on job openings and employment have suggested a positive approach by the US central bank in terms of the economy's progress. However, Q1 GDP growth has been reported at 1.6%, below expectations, indicating possible hurdles for the economy. In contrast, the Personal Consumption Expenditures (PCE) inflation rate surged by 0.3% in March, reaching a yearly rate of 2.7%, surpassing market predictions.

Following the release of this data, Bitcoin has experienced a rally, surpassing the $61,000 mark and currently trading at $61,875, marking a 4.74% increase in the last 24 hours, according to CoinMarketCap data. The US Federal Reserve's policies and market conditions are expected to influence Bitcoin's price movement, especially with a potential aggressive stance by the Fed in the days ahead.