Bitcoin stabilized during Asian trading on Friday after its early-year recovery stalled this week, with full attention focused on upcoming key U.S. employment data for further signals on interest rates.
Bitcoin remained largely stable around the $87,000 level on Friday after trading in a narrow range earlier in the week, as investors digested unexpectedly weak U.S. inflation data that reinforced expectations for future interest rate cuts by the Federal Reserve.
Bitcoin mostly held steady near the $92,000 level on Thursday after falling below the key $90,000 mark in the previous session, as investors weighed conflicting signals from the Federal Reserve and awaited critical but delayed U.S. labor market data.
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