Live updates: Bitcoin reverses big early gains following soft U.S. jobs data
60-second summary
Bitcoin reverses early gains as soft U.S. jobs data spurs risk‑off sentiment, pulling the cryptocurrency down from its recent rally; meanwhile bond yields experience a sharp whipsaw, falling early then climbing higher by afternoon. The combined shift underscores heightened volatility, suggesting traders may favor safer assets, potentially dampening further bullish momentum in the crypto market.
Bond yields also suffered a major whipsaw, turning higher by the afternoon after early declines.