Bitcoin is treading water near $105,000, but pressure is building on both sides of the trade as macro forces tighten.
Market watchers are zeroing in on the upcoming U.S. jobs report, which could influence the Federal Reserve’s timeline for interest rate cuts—and in turn, crypto momentum.
Bitfinex analysts suggest a weaker-than-expected labor print may fuel speculation of earlier monetary easing, potentially driving Bitcoin up toward $125,000. But if job creation surprises to the upside, it could bolster the dollar and stall crypto gains, with BTC possibly slipping below $100,000.
Meanwhile, sentiment is softening beneath the surface. BRN’s Valentin Fournier points to a surge in crypto IPO activity—like Circle’s $1B share sale and Kraken’s rumored listing—as evidence that major players are taking advantage of peak valuations. Slowing inflows into Bitcoin and Ethereum ETFs support that view, with daily allocations dropping sharply over the past week.
Prices have reflected the shift: Bitcoin is down 3.5%, Ethereum has fallen 4.3%, and Solana has plunged nearly 12%, signaling a market losing steam despite positive macro signals. For some, that’s a cue to reduce exposure and wait for stronger conviction to return. The coming jobs data may offer clarity—or deepen the sense that crypto’s recent highs were running on fumes.
Bitcoin tumbled sharply today, shedding more than 3.5% in a matter of hours and briefly flirting with the critical $100,000 level.
BlackRock is making another assertive move into digital assets, quietly expanding its crypto portfolio with sizable purchases of both Bitcoin and Ethereum.
In a move that signals changing tides in traditional finance, JPMorgan is preparing to accept Bitcoin ETF holdings as collateral for loans—starting with BlackRock’s iShares Bitcoin Trust, according to insiders familiar with the plan.
With U.S. debt now over $36 trillion and the August 2025 ceiling deadline approaching, fears of default are mounting.