The recent U.S. jobs report has significantly impacted market sentiment, leading to a recalibration of strategies as traders adjust to the possibility of fewer Federal Reserve interest rate cuts in 2025. This shift has exerted pressure on risk assets, including Bitcoin, as higher interest rates tend to make traditional investments more appealing. Despite these macroeconomic pressures, Bitcoin has demonstrated resilience, experiencing only a slight decrease of 0.18% in its price. Analysts from Ryze Labs have highlighted Bitcoin's retreat to below $93,000 as a reflection of the growing influence of macro conditions on the cryptocurrency market.
The 2x Bitcoin Strategy ETF (BITX) is currently priced at $52.20 as of 8:00 AM on Saturday, January 11.