Bitcoin holds $61K after US jobs data report, AI sector weakness: Did BTC bottom?

Bitcoin bulls may make a run on $70,000 after weak US jobs data eased rate hike fears and capital looks to rotate into BTC and gold.

Key takeaways:

Bitcoin reclaimed the $61,000 mark following a disappointing US job market report. Traders grew less certain of a near-term interest rate hike from the US Federal Reserve (Fed) given the worsening labor data. The tech-heavy Nasdaq index sold off, fueling hopes of a capital rotation favoring Bitcoin.

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