Bitcoin experiences pressure amid a strong US labor market. Investors anticipate that positive employment data may cause a drop in cryptocurrency value.
Bitcoin Price Fluctuations
Since the beginning of the month, bitcoin has fluctuated between $100,000 and $95,000. The recent 3.5% correction is linked to expectations of a positive US employment report.
Employment Impact on Markets
Prediction markets indicate a 28% chance that over 300,000 jobs were created in January, significantly above Wall Street’s forecasts of 169,000. This may affect FED's rate decisions, reducing the appeal of risky assets like bitcoin.
Bitcoin and Liquidity Before FED Decisions
Bitcoin liquidity markets are hovering around $95,000 to $100,000. Analysts believe that as long as the FED doesn’t provide clear rate-cutting signals, the BTC trend will remain uncertain.
Investors should closely monitor upcoming macroeconomic indicators and FED announcements. This week could be full of changes and opportunities in the crypto market.
