$BTC

Market Snapshot

• Current Price: Approximately $104,234 USD, with intraday movement between $101,401 and $105,220  .

• 24‑Hour Change: Up near +2.8%, following a strong rally from around $101K .

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📰 What’s Influencing the Price Today

1. Positive U.S. Jobs Data

• Strong May nonfarm payrolls (about 139K jobs added) boosted risk appetite.

• Stocks climbed, and crypto, including BTC, surged with that momentum .

2. Macro & Political Factors

• Ongoing public feud between Donald Trump and Elon Musk has rattled markets.

• Earlier this week, BTC dipped amid political tensions before rebounding  .

3. Trump’s Fed Commentary

• Trump has advocated for a “full point” Fed rate cut.

• That rhetoric’s easing of rate concerns helped propel BTC back toward $105K .

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⚠️ Risks & Outlook

• High Volatility:

BTC recently swung between $101K and $105K in response to news and sentiment .

• Event Sensitivity:

Political drama (Trump vs. Musk), economic indicators (like jobs), and Fed expectations remain key drivers.#usdt