#CryptoMarketDip

Bitcoin Price Today: Falls to $96K as Rate Concerns Eradicate Recent Bounce

Bitcoin's losses coincided with a rise in broader market risks, as stronger-than-expected U.S. economic data fueled concerns that the Federal Reserve will cut interest rates at a slower pace in 2025.

The November job openings data came in better than expected, coming just days before December's nonfarm payrolls data, which is expected to provide more definitive information about the labor market.

The stronger-than-expected December PMI data, while providing a brighter picture of the U.S. economy, also fueled concerns that inflation will remain volatile in the coming months, giving the Fed even more incentive to slowly cut interest rates.