$BTC is back above $86,000!
The latest US jobs report came in much weaker than expected: just 29,000 new positions, with unemployment at 4.2%. As a result, fears of another #Fed rate hike are fading and the market is breathing again.
On the institutional side, Bitcoin ETFs recorded over $102M in net inflows. It's a positive signal, though still measured.
The question now is whether BTC can hold above $86K, since reactions to macro data often fade fast. I'm keeping an eye on CPI, US yields and #etf flows.
What do you think: sustainable move or just a bounce? 👇
#btc
The latest US jobs report came in much weaker than expected: just 29,000 new positions, with unemployment at 4.2%. As a result, fears of another #Fed rate hike are fading and the market is breathing again.
On the institutional side, Bitcoin ETFs recorded over $102M in net inflows. It's a positive signal, though still measured.
The question now is whether BTC can hold above $86K, since reactions to macro data often fade fast. I'm keeping an eye on CPI, US yields and #etf flows.
What do you think: sustainable move or just a bounce? 👇
#btc
