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Home BlockchainBitcoin Dives Below $69K as US Loses 92K Jobs in February
Blockchain

Bitcoin Dives Below $69K as US Loses 92K Jobs in February

by Decrypt
written by Decrypt 0 comments
Bitcoin Dives Below $69K as US Loses 92K Jobs in February

In brief

  • The U.S. lost 92,000 jobs in February, pushing unemployment to 4.4% and sending Bitcoin below $69,000.
  • Bitcoin ETFs lost $228 million on Thursday, though one analyst says stability above $70,000 could signal a healthy reset.
  • Investors are watching next week’s CPI, GDP, and jobs data for clues on inflation and the labor market.

Bitcoin plunged below $70,000 on Friday, falling more than 5% over the last day as the U.S. lost 92,000 jobs in February and the unemployment rate inched up to 4.4%,…

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