Bitcoin remains below $70,000 as the market focuses on U.S. employment data
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Bitcoin price fluctuated below $70,000, with U.S. employment data set to be released on Wednesday. Two Trump administration officials indicated that the January employment data may fall short of expectations. Bitcoin and cryptocurrencies declined at the opening of the U.S. stock market but quickly rebounded, with Bitcoin price returning above $69,000. Analysts pointed out that the recent pullback in Bitcoin is the steepest since the 2024 halving, with low spot trading volume indicating that most retail investors have exited, and leveraged derivatives have driven price volatility.
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