The 2x Bitcoin Strategy ETF (BITX) closed down 2.68% at $51.21 on January 13, as Bitcoin's price fell 0.72% to $93,814.15 amid a broader sell-off in risk assets. Bitcoin's decline was driven by stronger-than-expected U.S. jobs data, which led to a reassessment of Federal Reserve rate cut expectations. Major investment banks, including Goldman Sachs and Bank of America, have adjusted their forecasts, contributing to a rise in bond yields and a stronger dollar, both of which typically exert pressure on Bitcoin. Additionally, concerns over potential U.S. government sales of Silkroad Bitcoin and upcoming inflation data have added to the bearish sentiment. The market is also reacting to a broader risk-off environment, with significant liquidations as Bitcoin fell below key support levels.