Bitcoin price dips under $75K as crypto markets miss tech-stock rebound
Summary
Bitcoin fell below $75,000, reaching its lowest level since mid-August and underperforming rising US stocks after stronger-than-expected October jobs data. The US added 165,000 jobs, while unemployment came in at 4.1%; markets raised the probability of a 25-basis-point Fed rate hike in December. Analysts said stronger employment could constrain liquidity and pressure risk assets. Bitcoin tested its 50-week moving average near $77,533, with one analyst warning that a break below roughly $75,500 could open a decline toward $69,000. A sustained recovery would require higher highs and lows.
