Bitcoin’s price is nearing 112,000 USD, buoyed by positive market sentiment irrespective of negative labor data. The labor market’s mixed signals have not hindered BTC’s upward trajectory, with strong investor engagement and little sign of profit taking.
Despite bond market concerns, Bitcoin continues to show stability alongside traditional stocks. Analysts believe a significant market movement for BTC is forthcoming as it maintains a narrow trading range around its all-time high, indicating strong underlying momentum.
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