The recent U.S. jobs report, which revealed a significant increase in employment, has shifted market expectations regarding Federal Reserve interest rate policies. This development has led traders to anticipate fewer rate cuts in 2025, thereby exerting pressure on risk assets such as Bitcoin. As traditional investments become more appealing in a higher interest rate environment, Bitcoin's price has experienced a slight decline. Analysts from Ryze Labs have highlighted the growing impact of macroeconomic conditions on Bitcoin, noting its retreat to below $93,000 as a reflection of these broader market dynamics.
The Proshares Ultra Bitcoin ETF (BITU) is currently priced at $49.98 as of 8:00 AM on Saturday, January 11.