Zach Pandl, head of research at Grayscale Investments, said November's non-farm payrolls data was higher than expected. However, the data also showed a concomitant rise in unemployment, which could force the Federal Reserve to cut interest rates later this month. "Today's jobs report may solidify the case for the Federal Reserve to cut rates again at its upcoming meeting," he said. "All else being equal, lower official rates tend to weigh on the value of the dollar and benefit other currencies, including bitcoin. Although BTC pulled back from above $100,000 yesterday, Grayscale Research believes the cryptocurrency rally can continue into the new year."