Bitcoin remains below USD 115,000 as investor caution follows its peak retreat and uncertainty from US economic data. Weak nonfarm payroll figures and employment revisions have raised concerns about economic health. The dismissal of the Bureau of Labor Statistics head increases worries of political influence. While expectations of Federal Reserve rate cuts may offer long-term support, near-term pressures affect Bitcoin's momentum. Significant outflows from Bitcoin ETFs and corporate treasuries accumulating Bitcoin indicate mixed trends, with institutional engagements possibly stabilizing the market.
Bitcoin remains constrained below the USD 115,000 mark as investors remain cautious after the asset retreated from its peak and US economic data fueled uncertainty.
Weak US nonfarm payroll data, coupled with downward revisions to prior employment figures, have amplified concerns over the economy's trajectory.
Although increased expectations of Federal Reserve rate cuts may provide longer-term support, the near-term environment continues to weigh on Bitcoin's momentum.
This persistent institutional engagement provides a measure of stability, potentially limiting downside risks in the medium term.
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