Bitcoin has surpassed $100,000 due to investor optimism for a crypto-friendly U.S. government and expectations of interest rate cuts by the Federal Reserve.

The latest U.S. jobs report showed the creation of 227,000 non-farm payrolls, exceeding the expected 200,000, although the unemployment rate rose slightly to 4.2%. This positive employment data has led to speculation about potential rate cuts, which could benefit riskier assets like Bitcoin.

Market analysts believe that Bitcoin's volatility around the $100,000 mark will continue, attracting speculators looking to profit from the rally. With traditional stock markets closed over the weekend, the cryptocurrency market is expected to see dynamic developments. Investors are advised to stay vigilant as the fear of missing out on potential gains could further impact market behavior.