Bitcoin price drops to near $68K as US jobs weakness fails to rescue bulls

Bitcoin erased its latest breakout attempt after hitting $74,000 as surprisingly weak labor-market data offered no tailwind to crypto or risk assets.

Bitcoin (BTC) slipped under $70,000 around Friday’s Wall Street open as weak US employment data failed to boost risk assets.

Key points:

Bitcoin and stocks slump in reaction to a surprise downturn in US nonfarm payrolls.

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