Bitcoin Stuck in $83K–$87K Range as Weak Jobs Data Fails to Spark Rally
- —Bitcoin trades near $84,668, session low at $83,888
- —U.S. nonfarm payrolls rose 29,000 vs 90,000 expected
- —U.S. unemployment rate climbed to 4.2%
- —BlackRock's IBIT bought $195.6 million in BTC in one day
Why it matters: Weak labor data lowers the odds of another Fed rate hike, but BTC has failed to break $86K–$87K resistance for nearly three weeks.
Source: Blockonomi