Bitcoin holds $61K after US jobs data report, AI sector weakness: Did BTC bottom?

CoinTelegraph·

Bitcoin holds $61K after US jobs data report, AI sector weakness: Did BTC bottom?

60-second summary

Bitcoin is holding steady above $61,000 after the US jobs data report eased rate hike fears, potentially paving the way for a run towards $70,000. Bulls are capitalizing on the weak jobs data, rotating funds into BTC and gold as investors seek safe-haven assets, possibly indicating a bottom in the market.

Bitcoin bulls may make a run on $70,000 after weak US jobs data eased rate hike fears and capital looks to rotate into BTC and gold.