Bitcoin is trading around $67,000 ahead of U.S. unemployment data and renewed fears of a potential government shutdown.

The meme coin sector dropped 5.7% in a single day to $31.8 billion.

Trader Commentary:

Crypto trader Jelle said Bitcoin briefly broke local highs before reversing and drifting back toward recent lows. For now, he prefers patience, waiting for clearer conditions before re-entering.

Trader Michael van de Poppe noted the importance of unemployment data, with Bitcoin hovering near what could become a higher low.

If unemployment rises, he expects bond yields to fall, increasing pressure on the Fed to cut rates.

In that scenario, gold and silver could see a short-term dip before…

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