That keeps Bitcoin vulnerable even as oil cools, because higher-for-longer policy expectations tend to pressure non-yielding risk assets and limit speculative demand.
Jobs Report Could Test Bitcoin’s Fragile Setup
Bitcoin traders will also watch next week’s US jobs report, though the data may only become market-moving if it delivers a major surprise. Consensus expectations are for payrolls to rise by roughly 95,000–105,000, with the unemployment rate holding near 4.3%.
A stronger-than-expected report would likely reinforce the Fed’s higher-for-longer stance and could add pressure on Bitcoin by lifting Treasury yields and rate-hike expectations.