Bitcoin breaks out, but weak US jobs data breaks bulls again: Time to risk on or off?


Bitcoin breaks out, but weak US jobs data breaks bulls again: Time to risk on or off?


Bitcoin’s brief rally above $113,000 disintegrated after a shocking US jobs report emerged. Is it time to add or cut risk?

Key takeaways:

Bitcoin briefly surged to $113,000 before reversing after weaker-than-expected US payrolls data.

Onchain flows show $2 billion in stablecoin inflows and record open interest near all-time highs.

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