Bitcoin Holds Near $90,000 as Payrolls Miss and ETF Outflows Limit Gains

Overview

• Bitcoin traded around $90,000 after slipping 0.65% late in the session, though it remains up about 1.4% over the past week.
• The U.S. report showed 50,000 jobs added in December and unemployment at 4.4%, with November revised to a 173,000 job loss.
• Traders priced only a 5% chance of a January rate cut, and Barclays now projects Federal Reserve reductions in June and December.
• U.S. spot bitcoin ETFs posted $398.8 million in net outflows on Thursday, led by BlackRock’s IBIT at $193.3 million and Fidelity’s FBTC at $120.5 million, while ether ETFs saw $159.2 million in outflows.
• Vault Capital highlighted tight trading between $90,000 and $91,000 with selling pressure near $95,000 tied to derivatives hedging, as MSCI’s decision to keep crypto-treasury firms in indexes and JPMorgan’s signals of a potential bottom tempered downside fears.