Geopolitics Alpha

US Adds 165,000 Jobs in October: Why Bitcoin Traders Are Watching the Fed

Published . Updated .

Key takeaways

  • TL;DR: The US economy added 165,000 payroll jobs in October while unemployment stood at 4.1%, according to the Bureau of Labor Statistics’ November 6 release.
  • Exposed: IBIT, TLT, COIN, MSTR, MARA
  • Market reaction: price tracking starts with the next trading session.

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US Adds 165,000 Jobs in October: Why Bitcoin Traders Are Watching the Fed

TL;DR: The US economy added 165,000 payroll jobs in October while unemployment stood at 4.1%, according to the Bureau of Labor Statistics’ November 6 release. The data complicate hopes of quick monetary easing, but the report by itself cannot establish what the Federal Reserve

Directly affected

  • No company is named in this report.

Indirectly affected

  • TLT iShares 20+ Year Treasury Bond ETF-2.9% 30d

    iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story.

  • IEF iShares 7-10 Year Treasury Bond ETF-1.2% 30d

    iShares 7-10 Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story.

  • IBIT iShares Bitcoin Trust-8.0% 30d

    iShares Bitcoin Trust: it follows bitcoin. Linked by “bitcoin” (crypto) in this story.

  • COIN Coinbase Global-29.8% 30d

    Coinbase Global (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “bitcoin” (crypto) in this story.

  • MSTR Strategy-16.4% 30d

    Strategy (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “bitcoin” (crypto) in this story.

  • MARA MARA Holdings-7.6% 5d

    MARA Holdings (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “bitcoin” (crypto) in this story.

  • JPM JPMorgan Chase+0.1% 30d

    JPMorgan Chase (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story.

  • BAC Bank of America-11.4% 30d

    Bank of America (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
TLT-0.24%-0.19%baseafter closeafter closeafter closeafter close
IEF-0.38%-0.22%baseafter closeafter closeafter closeafter close
IBIT+1.12%+5.69%baseafter closeafter closeafter closeafter close
COIN+2.28%+12.47%baseafter closeafter closeafter closeafter close
MSTR+1.36%+10.45%baseafter closeafter closeafter closeafter close
MARA+1.34%+8.43%baseafter closeafter closeafter closeafter close
JPM+1.86%+5.31%baseafter closeafter closeafter closeafter close
BAC+0.30%+4.48%baseafter closeafter closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

US Adds 165,000 Jobs in October: Why Bitcoin Traders Are Watching the Fed TradingView

Source: TradingView

How far iShares Bitcoin Trust ETF (IBIT) has moved since 7 Nov 2026

CompanyWhenMoveStatus
Bank Of America (BAC)three days earlier+4.48%final price
Bank Of America (BAC)five days earlier+0.30%final price
Coinbase Global (COIN)three days earlier+12.47%final price
Coinbase Global (COIN)five days earlier+2.28%final price
iShares Bitcoin Trust ETF (IBIT)three days earlier+5.69%final price
iShares Bitcoin Trust ETF (IBIT)five days earlier+1.12%final price
IEFthree days earlier-0.22%final price
IEFfive days earlier-0.38%final price
Jpmorgan Chase (JPM)three days earlier+5.31%final price
Jpmorgan Chase (JPM)five days earlier+1.86%final price
MARA Holdings (MARA)three days earlier+8.43%final price
MARA Holdings (MARA)five days earlier+1.34%final price
Strategy (MSTR)three days earlier+10.45%final price
Strategy (MSTR)five days earlier+1.36%final price
Ishares Tr (TLT)three days earlier-0.19%final price
Ishares Tr (TLT)five days earlier-0.24%final price

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

Who gains and who loses around iShares Bitcoin Trust ETF (IBIT)

Companies tied to this story

  • IBIT iShares Bitcoin Trust ETF

    For “US Adds 165,000 Jobs in October: Why Bitcoin Traders Are Watching the Fed,” iShares Bitcoin Trust ETF (IBIT) is linked, with no stored direction, medium confidence. Reason on file: iShares Bitcoin Trust: it follows bitcoin. Linked by “bitcoin” (crypto) in this story

  • TLT Ishares Tr

    For “US Adds 165,000 Jobs in October: Why Bitcoin Traders Are Watching the Fed,” Ishares Tr (TLT) is linked, with no stored direction, medium confidence. Reason on file: iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story

  • COIN Coinbase Global

    In “US Adds 165,000 Jobs in October: Why Bitcoin Traders Are Watching the Fed,” Coinbase Global (COIN) is linked, with no stored direction, medium confidence. Reason on file: Coinbase Global (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “bitcoin” (crypto) in this story

  • MSTR Strategy

    For “US Adds 165,000 Jobs in October: Why Bitcoin Traders Are Watching the Fed,” Strategy (MSTR) is linked, with no stored direction, medium confidence. Reason on file: Strategy (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “bitcoin” (crypto) in this story

  • MARA MARA Holdings

    In “US Adds 165,000 Jobs in October: Why Bitcoin Traders Are Watching the Fed,” MARA Holdings (MARA) is linked, with no stored direction, medium confidence. Reason on file: MARA Holdings (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “bitcoin” (crypto) in this story

  • RIOT Riot Platforms

    In “US Adds 165,000 Jobs in October: Why Bitcoin Traders Are Watching the Fed,” Riot Platforms (RIOT) is linked, with no stored direction, medium confidence. Reason on file: Riot Platforms (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “bitcoin” (crypto) in this story

  • JPM Jpmorgan Chase

    For “US Adds 165,000 Jobs in October: Why Bitcoin Traders Are Watching the Fed,” Jpmorgan Chase (JPM) is linked, with no stored direction, medium confidence. Reason on file: JPMorgan Chase (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story

  • BAC Bank Of America

    In “US Adds 165,000 Jobs in October: Why Bitcoin Traders Are Watching the Fed,” Bank Of America (BAC) is linked, with no stored direction, medium confidence. Reason on file: Bank of America (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story

iShares Bitcoin Trust ETF (IBIT)

“US Adds 165,000 Jobs in October: Why Bitcoin Traders Are Watching the Fed” (7 Nov 2026) reaches iShares Bitcoin Trust ETF (IBIT) through this story.

What ties iShares Bitcoin Trust ETF (IBIT) to the headline is this: iShares Bitcoin Trust: it follows bitcoin. Linked by “bitcoin” (crypto) in this story

Ishares Tr (TLT) is here too. Its reason reads: iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story

Dates and price levels for iShares Bitcoin Trust ETF (IBIT)

COIN traded between 131.62 and 185.47 across 20 sessions. The latest close on file is 134.69. IBIT traded between 43.03 and 48.07 across 20 sessions. The latest close on file is 44.03. TLT traded between 76.44 and 80.56 across 18 sessions. The latest close on file is 79.46.

What the saved facts support for iShares Bitcoin Trust ETF (IBIT)

46 out of 100

“US Adds 165,000 Jobs in October: Why Bitcoin Traders Are Watching the Fed” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.