**Bitcoin Faces Largest Weekly Drop Since FTX Collapse Amidst U.S. Non-Farm Payroll Data**
Bitcoin is on track for its most significant weekly decline since the notorious FTX collapse, as the cryptocurrency world closely watches the release of U.S. non-farm payroll data. The coin has been under substantial pressure, reflecting the broader market sentiment, which often reacts sharply to major economic indicators.
Investors and traders are particularly attentive to how employment figures might influence the Federal Reserve’s stance on interest rates, which in turn could impact risk assets like Bitcoin. As the market awaits further insights, the performance of Bitcoin this week underscores the ongoing volatility and sensitivity of the crypto sector to external economic factors.
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The latest slump highlights the challenges faced by Bitcoin in maintaining its value amidst fluctuating economic conditions. Market participants remain cautious, with eyes set on upcoming data releases and their potential implications for the future of Bitcoin and the broader cryptocurrency market.
