**Bitcoin Faces Setback Amid Strong U.S. Economic Data**

Bitcoin recently experienced a decline after briefly surpassing $100,000. This downturn followed the release of a robust U.S. jobs report, which revealed 8.1 million job openings, exceeding expectations. The strong economic indicators suggest that the Federal Reserve may maintain current interest rates, affecting the appeal of riskier investments like Bitcoin.

The correlation between Bitcoin and U.S. stocks has become more apparent, with both markets reacting to economic data. The sell-off in stocks, triggered by rate hike concerns, also impacted Bitcoin, leading to the liquidation of nearly $300 million in long positions.

Despite the current slump, Bitcoin's long-term prospects remain promising. Institutional interest persists, and potential crypto-friendly policies from the incoming U.S. administration could support future growth. While the market faces volatility, Bitcoin's foundational strength continues to attract optimism.