This Week’s Bitcoin Pulse: What’s Driving the Market and What Traders Need to Know

[Chiefsmc]

 

Bitcoin briefly broke above $87,000 before settling near $86,800, reacting to mixed U.S. labor market signals.

While nonfarm payrolls rose by 64,000, indicating economic resilience, the unemployment rate ticked up to 4.6%, its highest since 2021 creating uncertainty about the Fed’s next move.

With the #BingX Weekly Featured Trading Championship Phase III underway, featuring a 70,000 $USDT prize pool, traders are watching closely.

The market’s on edge ahead of the crucial December 18 CPI inflation report, which could trigger increased Bitcoin volatility.

Adding to the tension, the U.S. spot #BTC ETF experienced its biggest outflow in nearly three weeks, with $357.69 million leaving signaling cautious investor sentiment.

This mix of factors means one thing: opportunity and risk are both on the table.

Are you ready to navigate the swings and seize your share of the prize?

What’s your strategy to stay ahead in this unpredictable market?