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bitcoin price drops 4 percent amid job market data and trader warnings
Bitcoin's price dropped 4% to $97,911 following the US JOLTS data, which indicated a surge in job creation. This decline was attributed to large-volume traders engaging in "spoofing," leading to the disappearance of price support. Analysts warn that if Bitcoin fails to maintain support at the 50-day SMA, it could test lows around $92,000.