Bitcoin touched $87,000 then quickly reversed... and the reason is US jobs data 👇
📌 Event: US jobs data came in weaker than expected, so bond yields fell and volatility increased. $BTC neared 87K before reversing direction and is now trading near 85K.
🏦 Financial institutions:
• Bitcoin funds recorded inflows of nearly $2.5 billion, the best September in more than 10 years
• Total assets of US spot Bitcoin ETF funds exceeded $100 billion
• The SEC approved leveraged ETP products for Bitcoin and Ethereum
🔮 Outlook: Citi raised its price targets for Bitcoin, but banks’ forecasts are not a guarantee of any direction.
💡 Summary: Strong institutional flows, yet the price drops fast when macro data is released. Today’s market is influenced by the US economy as much as by its own news.
Do you follow US economic data before making your decisions? 👇
⚠️ Educational content only, not investment advice.
#Bitcoin #BTC #CryptoNews #BinanceSquare $NEAR $SOL
📌 Event: US jobs data came in weaker than expected, so bond yields fell and volatility increased. $BTC neared 87K before reversing direction and is now trading near 85K.
🏦 Financial institutions:
• Bitcoin funds recorded inflows of nearly $2.5 billion, the best September in more than 10 years
• Total assets of US spot Bitcoin ETF funds exceeded $100 billion
• The SEC approved leveraged ETP products for Bitcoin and Ethereum
🔮 Outlook: Citi raised its price targets for Bitcoin, but banks’ forecasts are not a guarantee of any direction.
💡 Summary: Strong institutional flows, yet the price drops fast when macro data is released. Today’s market is influenced by the US economy as much as by its own news.
Do you follow US economic data before making your decisions? 👇
⚠️ Educational content only, not investment advice.
#Bitcoin #BTC #CryptoNews #BinanceSquare $NEAR $SOL