Bitcoin has dropped below $100,000, causing investors to sell off their holdings. This decline has led to speculation about the impact of the upcoming US labor market report, which is expected to provide important information about monetary policy.

Economists predict that there will be an increase of 200,000 non-farm payrolls, following a decrease in October due to natural disasters and labor strikes. Despite these developments, there is optimism about a crypto-friendly environment in Washington. Investors are particularly interested in the Federal Reserve's upcoming meeting on December 18, where there is speculation about a potential 25 basis point interest rate cut. This meeting could have a significant impact on market sentiment and investment strategies in the coming weeks.