Crypto: Bitcoin Price Drops To Near $68k As Us Jobs Weakness Fails To...

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. Bitcoin and stocks slump in reaction to a surprise downturn in US nonfarm payrolls. Fed interest-rate odds stay hawkish, with markets seeing just one cut this year. BTC price action “round trips” its latest breakout attempt, continuing a 2026 trend. Data from TradingView showed daily BTC price downside passing 3% to hit $68,176 on Bitstamp. US nonfarm payrolls data disappointed across the board, showing that the labor market was more under pressure than expected. The economy lost 92,000 jobs in February, per data from the Bureau of Labor Statistics (BLS), in contrast to the predicted 58,000 increase. The unemployment rate also came in higher at 4.4%. The print contrasted with that from January, which delivered surprisingly strong employment results. “This marks just the 2nd monthly job loss since the 2020 pandemic,” trading resource The Kobeissi Letter wrote in a response on X.