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Bitcoin steadied above $61,000 after weak U.S. jobs data reduced fears of further interest-rate increases, pushing some capital toward $BTC and gold.
Concurrently, softness in the AI sector appeared to accelerate the rotation, with bulls targeting a run at $70,000. Jobs Data Shifts Rate Expectations Soft U.S. employment figures drove the immediate catalyst.
Weaker-than-expected jobs data eased market concern that the Federal Reserve would resume rate hikes — a shift that historically benefits non-yielding assets such as Bitcoin and gold.
The report offered no new argument for tighter monetary policy, removing a headwind that had weighed on risk assets. AI Sector Weakness Adds to Rotation Narrative Alongside the macro data, the AI sector showed weakness.
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