$BTC Breifly Droped Below $106K as Traders Prepare for U.S. Economic Data


$BTC briefly declined 1% to $106,013, currently trading at $107,755, while $ETH fell 2.5% to $2,423 as markets entered a cautious phase.


#Traders are derisking ahead of Thursday's crucial U.S. labor market data releases, including job openings and non-farm payrolls.


The Senate passed President Trump's tax bill Tuesday, raising concerns about U.S. deficit impacts and the bill's effectiveness.


$BTC consolidation continues as #liquidity remains weak and positioning stays patient, according to market analysts.


Federal Reserve Chair Jerome Powell indicated rate cut decisions will depend on incoming data but provided no timing hints.


#Crypto price movements appear larger than traditional finance standards but remain normal by digital asset benchmarks.

image
July 02, 2025 at 10:41 AM
74
2
2