Bitcoin and Ethereum faced volatility after the US unemployment rate hit 4.6%, the highest in four years. By the latest figures, Bitcoin traded at 87,152 USD, recovering from a dip, while Ethereum fell to 2,935 USD after a 3.5% decline.
Market expectations suggest a 69% likelihood of Bitcoin rebounding to 100,000 USD before dropping to 69,000 USD. Analysts predict that potential Federal Reserve rate cuts could support further recovery in the cryptocurrency market.
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