Analysis: Bitcoin Faces Downward Pressure Ahead of Non-Farm Payrolls Data Release, Investors Adopt Cautious Wait-and-See Approach

Odaily News As Bitcoin and other crypto assets decline, investors are turning cautious ahead of the release of key US employment and inflation data. Analysts indicate that the market is in a consolidation phase, awaiting clearer signals on interest rate policy direction. Concurrently, the demand for downside protection in crypto-related stocks such as Coinbase and MicroStrategy has increased, reflecting institutional vigilance towards short-term risks.