Bitcoin hovers near $65,000 as weekend range eyes $70,000 upside or $60,000 downside amid Hormuz risk
Bitcoin was trading around $65,000 ahead of the weekend as macro tailwinds and headwinds pulled in opposite directions. A softer-than-expected U.S. jobs report, including a combined 103,000 downward revision to May and June, pushed Treasury yields and the dollar lower as markets trimmed the odds of a September Fed hike. At the same time, rising tensions around the Strait of Hormuz renewed worries about inflation returning via higher energy prices. U.S.-listed spot Bitcoin ETFs took in $763.7 million this week, the fastest pace of inflows since April.