U.S. job growth blows past forecasts, setting stage for Fed rate hikes

Bitcoin is now facing another headwind — the prospect of higher interest rates.

The U.S. economy added 172,000 jobs in May, nearly double economists' expectations, strengthening the case for Federal Reserve rate hikes this year.

The unemployment rate held steady at 4.3%, according to data released Friday by the Bureau of Labor Statistics.

Bitcoin BTC$62,300.09 remained under pressure following the…