Bitcoin Rally To $125K Challenged By Weak Jobs Data, Traders’ Fear
The post Bitcoin Rally To $125K Challenged By Weak Jobs Data, Traders’ Fear appeared on BitcoinEthereumNews.com. Key takeaways: Bitcoin’s resilience after Friday’s $19 billion flash crash shows long-term demand remains strong despite short-term risk aversion. Derivatives traders remain cautious, with arbitrage opportunities and negative funding rates signaling heightened counterparty risk. Bitcoin (BTC) reclaimed the $114,000 mark less than 48 hours after Friday’s flash crash, which wiped out $15 billion from BTC futures open interest. While Bitcoin showed resilience after such a major liquidity event, several factors could still delay a retest of the $125,000 level. As long as investors continue to view Bitcoin as a risk asset and maintain its partial correlation with tech stocks, sustained bullish momentum will likely hinge on stronger confidence in global economic growth. US job market, US-China relations have negative impact on Bitcoin’s price Concerns about a potential economic slowdown, particularly after new signs of weakness in the US labor market, have made investors more risk-averse. Carlyle estimates that US employers added 17,000 jobs in September, down from an already soft 22,000 in August, according to The Wall Street Journal. US two-year Treasury yield. Source: TradingView Demand for US bonds surged, pushing yields close to 3.5% as investors accepted lower returns in exchange for the safety of government-backed assets. The move was further driven by growing concerns that the trade war between the United States and China could intensify on Nov. 10, when the temporary truce limiting US import tariffs is set to expire. US President Donald Trump wrote on Truth Social on Sunday that an extension “should be worked out” as both countries pursue economic growth. However, no concrete developments have been announced beyond plans for talks between the two leaders. US Treasury Secretary Scott Bessent described China’s rare earth export controls as “provocative.” Under new Chinese regulations, foreign companies producing certain materials will now need an additional export license,…
The post Bitcoin Rally To $125K Challenged By Weak Jobs Data, Traders’ Fear appeared on BitcoinEthereumNews.com.
Key takeaways: Bitcoin’s resilience after Friday’s $19 billion flash crash shows long-term demand remains strong despite short-term risk aversion. Derivatives traders remain cautious, with arbitrage opportunities and negative funding rates signaling heightened counterparty risk. Bitcoin (BTC) reclaimed the $114,000 mark less than 48 hours after Friday’s flash crash, which wiped out $15 billion from BTC futures open interest. While Bitcoin showed resilience after such a major liquidity event, several factors could still delay a retest of the $125,000 level. As long as investors continue to view Bitcoin as a risk asset and maintain its partial correlation with tech stocks, sustained bullish momentum will likely hinge on stronger confidence in global economic growth. US job market, US-China relations have negative impact on Bitcoin’s price Concerns about a potential economic slowdown, particularly after new signs of weakness in the US labor market, have made investors more risk-averse. Carlyle estimates that US employers added 17,000 jobs in September, down from an already soft 22,000 in August, according to The Wall Street Journal. US two-year Treasury yield. Source: TradingView Demand for US bonds surged, pushing yields close to 3.5% as investors accepted lower returns in exchange for the safety of government-backed assets. The move was further driven by growing concerns that the trade war between the United States and China could intensify on Nov. 10, when the temporary truce limiting US import tariffs is set to expire. US President Donald Trump wrote on Truth Social on Sunday that an extension “should be worked out” as both countries pursue economic growth. However, no concrete developments have been announced beyond plans for talks between the two leaders. US Treasury Secretary Scott Bessent described China’s rare earth export controls as “provocative.” Under new Chinese regulations, foreign companies producing certain materials will now need an additional export license,…
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