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Bitcoin price today: around $67K after strong U.S. labor market data
Bitcoin traded nearly unchanged around the $67,000 mark during Asian hours on Thursday as investors assessed better-than-expected U.S. employment data, which reduced expectations for an imminent interest rate cut by the Federal Reserve.
The world’s largest cryptocurrency rose 0.4% to $67,102.8, remaining below the key $70,000 level, while market activity stayed subdued due to lower liquidity.
Bitcoin recently recovered after a sharp drop to $60,000 at the beginning of this month but has since struggled to regain upward momentum.
U.S. labor market data reduce expectations of Fed easing; CPI awaited
Data released on Wednesday showed that U.S. nonfarm payrolls grew more than expected in January, indicating continued resilience in the labor market.
The unemployment rate remained near multi-month lows, and wage growth stayed steady, reinforcing expectations that the Federal Reserve will keep borrowing costs at current levels for longer.
After the labor report, traders reduced bets on an early rate cut, and market pricing now indicates a lower probability of policy easing before June. Expectations of higher rates for longer typically put pressure on risk-sensitive assets such as cryptocurrencies.
Investors now await weekly jobless claims data to be released later on Thursday for additional insight into labor market conditions. Attention will also turn to Friday’s U.S. Consumer Price Index report, which may provide a clearer view of inflation trends and the Fed’s policy outlook.
Bitcoin’s inability to rise above $70,000 reflects cautious risk appetite and lingering volatility after the recent drop, leaving prices in a narrow range.
BlockFills halts withdrawals amid crypto market downturn — reports
Crypto liquidity provider BlockFills has halted client withdrawals amid a sharp drop in digital asset prices, multiple media outlets reported on Wednesday.
The Financial Times and other publications reported that the move, initiated last week, reflects efforts to protect clients and the company amid tense market conditions and to restore platform liquidity.
According to reports, clients can still trade spot and derivatives positions under certain conditions.
According to the FT report, BlockFills serves more than 2,000 institutional clients and processed over $60 billion in trading volume in 2025.
The suspension mirrors similar actions taken by crypto companies during previous downturns.
Crypto prices today: altcoins rise within a narrow range
Most altcoins traded slightly higher on Thursday within a narrow range.
The world’s second-largest cryptocurrency, Ethereum, rose 1.1% to $1,972.92.
The world’s third-largest cryptocurrency, XRP, rose 1.6% to $1.38.
Solana traded unchanged, while Cardano and Polygon each rose 2.5%.
Among meme tokens, Dogecoin rose 2.2%.
See also: "Ethereum has several prerequisites for growth to $3,000."
