Bitcoin, Ethereum, Dogecoin Slip Ahead Of Key Jobs Data Release: Top Analyst Remains Positive On 2025 — ‘It’s Bull Market Year’

Leading cryptocurrencies mounted losses on Thursday as investors remained cautious ahead of the release of a crucial jobs report

What Happened: Bitcoin fell to an intraday low of $91,220 late afternoon before recouping some losses by evening. The leading cryptocurrency has declined nearly 10% since the highs of $102,000 earlier in the week.

The report of the Justice Department getting approval to sell $6.5 billion in Bitcoin and on-chain movements created panic in the market, although it was yet to be confirmed the sale happened.

The extended slump triggered a fresh wave of liquidations, with nearly $285 million in upside bets getting evaporated in the last 24 hours.

That said, more than 68% of traders on Binance were betting on Bitcoin’s rebound, according to the Long/Short ratio.

A reversal to $100,000 will liquidate nearly $780 million in short positions.

The market sentiment slipped into the “Neutral” zone from “Greed,” according to the Crypto Fear & Greed Index, as traders lowered risk …

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