📉 Bitcoin Dips Amid Weak US Jobs Data 📉

- Bitcoin (BTC) fell to $56,800 following a weak private payrolls report, showing just 99k jobs added in August, the lowest in over two years.

- Job vacancies also dropped to 7.7 million in July, the lowest since 2021, raising fears of another weak nonfarm payroll report.

- Crypto fear and greed index slipped to 34, indicating rising fear in the market.

- Institutional demand for Bitcoin wanes, with spot Bitcoin ETFs seeing outflows for seven consecutive days.

- Weak technicals: Bitcoin shows lower highs and risks forming a death cross.

💬 What are your thoughts on Bitcoin's future? Comment below!