BTC/USD: Bitcoin Rattled as Economic Jitters Send Prices Closer to $90,000

Quest for six digits didn’t have enough staying power as traders stepped back ahead of December's jobs report. Bitcoin prices steered off course Thursday, falling to lows near $90,000 a piece. Traders reacted fairly quickly to the opportunity to scoop up some of that discounted orange coin and supported the prices to $94,000 early Friday. Volatility is expected to pick up as the US is coming back to the trading desks after Thursday was made a day of mourning for the passing of the 39th US President Jimmy Carter. Today is Jobs Day and crypto traders will be joining the rest of the markets as they wait to see how the US economy did in December. The holiday month is expected to have picked up 154,000 new hires, a fairly low growth rate compared to . Still, any surprises in that figure might throw a curveball at digital assets as the industry is still trying to figure out how exactly to tie itself with the broader economy. Against this backdrop, the original cryptocurrency has slowly pulled away from the ultimate, formidable record high of $108,000 hit back in mid-December. Despite a to the new year, Bitcoin has lost sight of the six digits as investors pulled out their cash from the . On Wednesday, a total of $583 million got yanked out — it was the second-highest daily outflow since the vehicles’ debut in January 2024.