The U.S. unemployment rate fell to 5.4%, a post-pandemic low, from 5.9% in June, according to the U.S. Labor Department's Bureau of Labor Statistics.
The sluggish economy could prompt the U.S. Federal Reserve to more slowly toward tapering its $120 billion in monthly bond purchases.
The unemployment rate edged up to 6.1% from 6%.
The drop in macroeconomic uncertainty in the U.S. labor market may be a bullish sign for retail investment in bitcoin.