Bitcoin pulled back after disappointing U.S. jobs data, pausing the rally that had propelled the asset higher in recent sessions. Market participants now expect a later timing for potential rate cuts, suggesting a slower path for monetary easing that could sustain near-term price consolidation in crypto markets. In addition, fund outflows from crypto-focused exchange-traded products weighed on sentiment, amplifying downside pressure across the space. Analysts say the response underscores the sensitivity of crypto prices to macro data and policy expectations.
Bitcoin pulled back after disappointing U.S. jobs data, pausing the rally that had lifted prices in recent sessions. The move highlights how macro data can trigger near-term volatility for crypto assets. Analysts say the setback could establish a base for a period of sideways trading as investors reassess rate-cut expectations.
Traders now anticipate a later timing for potential rate cuts, implying a slower path for monetary easing and possible continued price consolidation in the near term. In addition, outflows from crypto-focused exchange-traded products weighed on sentiment and added pressure across the space. These dynamics underscore the crypto market’s sensitivity to macro policy shifts and fund flows. As data flow continues, volatility may linger until policy expectations and ETF trends clarify.
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