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The Fed is hawkish, is Bitcoin softening while waiting for a rebound?
Bitcoin $BTC today (February 12) continues to show weakness, reported at around $67,500, as the market digests the headwinds brought by strong non-farm payroll expectations for rate cuts; there have been no new meetings recently, but Dallas Fed President Logan just delivered a hawkish speech yesterday.
📉 Bitcoin Market Overview Today
· Instant Price: Approximately $67,402 - $67,506 (down over 1% intraday).
· Liquidation Situation: Over 140,000 people liquidated across the network within 24 hours, totaling $465 million (mainly due to strong long position liquidations).
· Key Trigger: Last night, the U.S. added 130,000 non-farm jobs in January (far exceeding the expected 55,000), which directly weakened the Fed's rate cut expectations and triggered a sell-off in risk assets.
📉 Bitcoin Market Overview Today
· Instant Price: Approximately $67,402 - $67,506 (down over 1% intraday).
· Liquidation Situation: Over 140,000 people liquidated across the network within 24 hours, totaling $465 million (mainly due to strong long position liquidations).
· Key Trigger: Last night, the U.S. added 130,000 non-farm jobs in January (far exceeding the expected 55,000), which directly weakened the Fed's rate cut expectations and triggered a sell-off in risk assets.
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BTC
65,869.47
-3.08%