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Story summary
- Bitcoin trades below $111,000 as a strong U.S. jobs report and a stronger dollar dampen demand.
- The Federal Reserve's rate cut has not reignited momentum; declines toward $108,000 are possible if support fails.
- Geopolitical tensions, including the Russia-Ukraine conflict, push investors to safe assets, adding pressure on Bitcoin.
- Upcoming inflation data will be decisive for Bitcoin’s near-term direction and sentiment.
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