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Bitcoin Faces Fresh Pressure as Market Sentiment Weakens
Bitcoin slipped toward the $60,000 level as stronger-than-expected U.S. jobs data reduced expectations for near-term interest rate cuts. The move added pressure across risk assets, including cryptocurrencies.
At the same time, concerns surrounding a recently disclosed Zcash vulnerability further weighed on market confidence, contributing to broader uncertainty in the crypto space.
While short-term volatility remains elevated, investors are closely watching key support levels to see whether Bitcoin can regain momentum or face additional downside pressure.