Aug 01, 2025
Bitcoin rejects at $116K despite US jobs win as Fed rate cut bets pass 75%
Bitcoin bulls are struggling to keep the market off new three-week lows despite a potential tailwinds coming from the US labor market.
Key points:
Bitcoin attempts to cement a rebound thanks to US jobs data showing labor market weakness.
BTC price action remains below $116,000, but order-book data has traders favoring a short squeeze.
Source: Cointelegraph →Related News
- 42 minutes ago
Dogecoin targets $0.60 next after DOGE price gains 40% in one week
- 4 hours ago
Web3 white hats earn millions, crushing $300K traditional cybersecurity jobs
- 4 hours ago
Web3 needs to rely on Web2 to survive
- 4 hours ago
The intersection of DeFi and AI calls for transparent security
- 5 hours ago
Bitcoin all-time highs due in ‘2-3 weeks’ as price fills $117K futures gap