U.S. Nonfarm Payrolls Eyed as Bitcoin Heads for Largest Weekly Loss Since FTX's Collapse

“However, significant inflows would depend on broader market sentiment and risk appetite. Currently, however, we’ve recently seen quite underwhelming flows and a lack of “dip-buying,” Kooner said. “If the job market appears more resilient, bitcoin might face downward pressure as the likelihood of near-term rate cuts diminishes.”