Bitcoin breaks out, but weak US jobs data breaks bulls again: Time to risk on or off?

Bitcoin Price Falters After Weak U.S. Jobs Report — Weekly Close Below Key Supports, $100K at Risk

The post Bitcoin Price Falters After Weak U.S. Jobs Report — Weekly Close Below Key Supports, $100K at Risk appeared on BitcoinEthereumNews.com. COINOTAG reports that the U.S. Bureau of Labor Statistics’ August release showed just 22,000 non-farm payrolls added versus ~75,000 consensus, while the unemployment rate climbed to 4.3%. The softer-than-expected U.S. jobs report pressured the dollar and buoyed gold, amplifying short-term volatility acr…

Bitcoin breaks out, but weak US jobs data breaks bulls again: Time to risk on or off? – DG Verifications & Stats

Bitcoin’s brief rally above $113,000 disintegrated after a shocking US jobs report emerged. Is it time to add or cut risk? Market Update Key takeaways: Bitcoin briefly surged to $113,000 before reversing after weaker-than-expected US payrolls data. Onchain flows show $2 billion in stablecoin inflows and record open interest near all-time highs. A weekly close above $112,500 is needed to confirm a lasting market bottom. Bitcoin (BTC) has ralli…

Bitcoin breaks out, but weak US jobs data breaks bulls again: Time to risk on or off?

BTC hit $113,000 before reversing on weak jobs data, but strong onchain flows and increasing odds of a Federal Reserve interest rate cut keep the bullish bias intact.