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Bitcoin Stalls at $80K, U.S. Payrolls Report Looms
Description
Bitcoins price is stagnant around $80,000, held back by short-term holders realized price and Asian trading hours. Capital is shifting towards Hong Kongs IPO market, drawing risk money away from crypto. U.S. spot bitcoin ETFs experienced net outflows and weakening buying pressure, indicating a fading rally without global support. Bitcoin is now in a tight range of $78,000 to $82,000, awaiting the U.S. payrolls report to potentially spark Western flows or test lower supports.
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