Bitcoin has paused around the $70,000 level after a volatile spell, as traders brace for upcoming macro data. The digital asset spent much of last week oscillating, with intraday moves exceeding 13% at times before settling in a tight range near $70,000 this week. Bitcoin’s price was about $70,000 in early trading, with other major tokens showing mixed moves as investors look for clearer directional cues ahead of key releases.
Analysts noted that while near-term liquidity remains cautious, the pace of fund outflows from crypto exchange-traded funds has slowed, suggesting a potential shift in sentiment even as prices remain under pressure. Market participants cited upcoming employment and inflation data as a major driver of the near-term volatility regime, and several strategists warned that a breakout in either direction could hinge on macro surprises.
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