What happened
Bitcoin is stalled around the $90,000 level after the latest U.S. jobs report showed weaker-than-expected hiring for December, adding only 50,000 jobs and reducing expectations for a near-term Federal Reserve rate cut. This has tempered optimism in risk assets including cryptocurrencies. Bitcoin’s price showed only minor gains and remained subdued around $90,000, while Ethereum and other top coins traded largely flat.
Meanwhile, broader market signals remain cautious. Investors are also watching macroeconomic and legal developments outside crypto — including potential Supreme Court decisions on global economic policy — that could influence risk sentiment.
Recent data also showed net outflows from major Bitcoin spot ETFs, especially from large funds such as BlackRock’s IBIT and Fidelity’s FBTC, indicating some short-term capital rotation out of crypto products.
Why it matters
• Macro drivers: Crypto markets continue to be sensitive to U.S. economic data and interest rate expectations, with slower job growth weakening the case for imminent rate cuts — typically bullish for risk assets.
• ETF flows: Outflows from flagship Bitcoin ETFs can affect liquidity and market breadth, especially when prices hover near key technical levels.
• Sentiment & risk appetite: With mixed signals from macro and regulatory fronts, risk tolerance remains cautious and volatility persists in the near term.
Market snapshot
• Bitcoin: ~$90k
• Ethereum: ~$3k–3.1k
• Altcoins: Mixed performance
Uncertainty remains around macro policy and ETF flows, which are major determinants of near-term crypto sentiment.