On Friday, the US Bitcoin (BTC) 🪙-Spot ETF market saw a pretty solid amount of cash coming in, with **$131.0 million** making its way into the market. That's a bit less than Thursday's **$217.7 million**, but hey, the market ebbs and flows, right? 🌊
Now, the US Jobs Report came out, and it was sizzling 🌡️— more jobs than people expected. This kind of shook things up for BTC buyers and the crypto crew at large. When the job market is hot, it can mean the Federal Reserve might hike up interest rates to keep inflation in check, which can make investors a bit jittery about putting their money into riskier assets like crypto.
So, what's next for Saturday, June 8? Well, the vibe 🧘♂️ of the market and how people are feeling about the Fed's next moves will play a big part in whether they're buying up more BTC or hitting the pause button. It's all about the sentiment and those ETF fund flows. Stay tuned! 📈
And just to give you a visual, the chart you shared shows the ups and downs of money moving in and out of Bitcoin ETFs, along with the Bitcoin price dance. It's like a financial symphony, and every note matters. 🎶
Hope that adds a bit of color to the numbers! If you've got more questions or need further insights, feel free to ask. Happy trading! 💼📊
